Get Used to Tariffs Being Topic ‘A’

EST

Bloomberg news has the effrontery to ask: Did Trump Just Start a Global Trade War?  Although even MSNBC pit bull Rachel Maddow  treats the President with more deference than Bloomberg.com,  it’s still a fair question to ask.  Judging from the way the stock market has flounced around recently, Wall Street’s answer to the question is an emphatic “maybe.”  For once, the Street seems to have gotten it half-right.  The bill Trump signed on Thursday will place tariffs of 25% and 10%, respectively, on steel and aluminum. Europe has responded by wondering aloud who Trump sees as the enemy.  Not Canada or Mexico, to be sure, because they are exempt.  Conciliatory as this may seem, it is overshadowed by the President’s promise to enact still more tariffs in the months ahead.

There is no question that this will unsettle the markets for the foreseeable future and dominate the business pages, eventually moving to the front page above the fold. On days when stocks have risen, the talking heads and know-nothing pundits will give us reasons why Trump’s brand of protectionism poses no great threat to the global economy. But on days when stocks fall hard, their tune will change: they will blame Trump directly, and very loudly, for all that ails the stock market. My hunch is that at the end of the day –at the end of 2018, actually — the down days will outnumber the up days and stocks will be trading lower, perhaps very significantly so.

Comments on this entry are closed.

none March 9, 2018, 3:50 pm

Start of Bull Market:

Intraday Low 03 06 2009 (2+9=11)

3, 6’s (666) 2, 9’s =18 (666)

Closing Low 03 09 2009

03 11 2009 = “33 Universal Day”

——————————————-
Bull Market ending.

03 09 2018 (2+1+8=11)

3, 9’s (999 = 666)

03 11 2018 = “33 Universal Day”

“33 Universal Day”

11-11-11

9 years

Number 9 has the qualities of all the numbers 1-8.

Cyggie March 9, 2018, 10:15 am

We are hear so much criticism of Pres. Trump regarding the addition of two tariffs, maybe a few more added in the future, as well, the comparison of this to the Smoot-Hawley Tariff Act of 1930. The Smoot-Hawley Tariff Act raised U.S. tariffs on over 20,0000 imported goods! There is no comparison here. Also, why would American not want a fair playing field?

John Jay March 9, 2018, 12:02 am

Yes, any threat to the Open Borders/Free Trade scam of the “Higher, Tighter, Righter, Hands” of Poppy Bush et al will definitely get Wall Streets attention!

However, there is one possibility that is guaranteed to send the Market down for the count.
Just let President Trump “Tweet” something to the effect that the time has come to outlaw any and all contributions to any and all politicians above 25 dollars!
My oh my, would that be a day to remember!
That will always be the dream!
LOL!



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