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Trump has now shown his hand. Even with the tariffs on China remaining, it’s clear that Trump will back down on any extreme positions he takes. So, expect the c
by louthy 2y ago
Trump has now shown his hand. Even with the tariffs on China remaining, it’s clear that Trump will back down on any extreme positions he takes. So, expect the china tariffs to be backed off soon too (once he gets some concession that he can brandish as a win).
In 3 months, sell your positions, let him play his stupid games and re-buy once he backs down, because he will. Or just hold and ride it out.
10% sounds like where we’ll default to in the long-term because that was the ‘base rate’ for everybody anyway. He just wants to rattle his sabre, especially with China.
It’s quite pathetic, really, but weirdly I feel slightly more calm about the situation now that I realise he hasn’t got the bottle to follow through.
- trash_cat 2y ago> it’s clear that Trump will back down on any extreme positions he takes. That has always been the case with him. That's literally his negotiation tactic.
- adamrezich 2y agoIf only someone had written a book on this exact topic, back in the 80s.
- louthy 2y agoI think that’s a fair comment. The only reason why I was not entirely convinced that that would be the case is that tariffs seem to be one of the positions that Trump was truly ideologically bound to. I couldn’t tell whether he would really go through with this or not. Now it’s clear he has no bottle at all. So weirdly is more of a comfort.