TL;DR

Trump’s back with more tariffs on steel and aluminum, threatening another trade war and price hikes. History suggests this won’t end well.

Story

Trump’s Tariff Deja Vu: Act II

Remember those steel and aluminum tariffs Trump slapped on back in 2018? Well, buckle up, because he’s threatening a rerun. This time, he’s talking 25% on all steel and aluminum imports. Sounds familiar, right?

How it’ll Play Out (Probably):

‣ Tariffs: Taxes on imported goods. These make foreign goods more expensive, hoping to boost American-made stuff.

‣ Reciprocal Tariffs: Tit-for-tat taxes. If we tax their steel, they tax our soybeans. Trade wars, folks.

‣ Market Volatility: Stock prices bouncing around like a pinball. Get ready for a bumpy ride.

The Victims:

Us. Higher prices on everything from cars to cans. Businesses struggle, jobs get lost. Just like last time.

The Culprit (Besides the Obvious):

Short-term thinking. Tariffs might sound good for a headline, but they rarely work long-term. It’s like putting a band-aid on a broken leg.

Historical Echoes:

Remember Smoot-Hawley? Those tariffs in the 1930s made the Great Depression even worse. History doesn’t repeat itself, but it often rhymes.

The Takeaway:

Don’t be fooled by quick fixes. Trade is complex. Tariffs usually backfire. Brace yourselves.

Advice

Diversify your investments. Don’t put all your eggs in one basket, especially when politicians are playing trade war roulette.

Source

https://www.reddit.com/r/stocks/comments/1ilqe3b/the_descent_begins_half_of_the_pie/