"Trump has been in office now for about 200 days. The difference in just about everything is like night and day. Tariffs however, is the thing most mentioned. Even more so than the peace initiatives which Team Trump is involved in."
Okay - maybe there is a tariff to be paid on underwear. So what. We are in a new age right now, maybe to stay long after Trump has left office, or to be dumped the second he is out the door. We do know one thing however - the "external revenue service" which Trump loves to talk about, is brimming over with cash right now. So much so, the good citizens of this great country might even get a $600/person "bonus". But what about the inflationary nature of tariffs? Not seen to date. Maybe hidden, maybe paid by manufacturers, maybe non-existent. Time will tell.
India for sure does not like out tariffs. Okay, I will bite. Last year India had a trade surplus with us of $37B. Gosh, that does not look fair! What about reciprocal tariffs that Trump is pushing? So far, no dice with India. They kind of like the status quo. However, if we want to deepen our relationship with India (I know that I do), it may be time for India to look in the mirror. Trump would much rather have a voluntary tariff agreement than just sending another country a bill.
One of the strategies which Trump has been using is paying off. If a company or country wants to manufacture in the United States, there will be zero tariffs to pay. Some have taken the bait on that one. In particular, companies which dabble in AI. By 2030, we will have ultra large data centers and chip manufacturing companies all over the landscape. Considering we are in a foot race with China for AI leadership, that is a good thing.
Trump has been in office now for about 200 days. The difference in just about everything is like night and day. Tariffs however, is the thing most mentioned. Even more so than the peace initiatives which Team Trump is involved in. In fact, tomorrow is the big showdown in Alaska. Will Putin capitulate to a cease fire followed by peace talks, or will Trump be forced to levy the Mother of all tariffs on Russia and the countries Russia trades with. Stay tuned on that one.
Love tariffs or hate them, they are here for at least the new few years. Will the USA gain wealth because of them? Hope so. If not, they will just be sound and fury, signifying nothing.
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