The Truth About Trump’s Tariff Flip-Flop

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Here’s a little tariff reality. I know you get all the the the lovely Fox News pundits say, look at the stock market, look what it’s done. You know, don’t be a panicking. Listen, if Donald Trump didn’t taco, OK, because he did, we all saw it real time. If he didn’t yank those reciprocal tariffs, we wouldn’t be here at this point in time. So, yeah.

Everyone had a right to be a Panic In because it would have gotten really, really ugly. So he pulls a 180 because things weren’t going his way. And now, and now they seem to think that, hey, everything’s awesome. Look at all this tariff revenue we’re pulling in. Yeah. I don’t know if you happen to take a look at the fact that our trade deficit

Again, this is what the tariffs were supposed to fix, right? All right, I was gonna fix, gonna fix the trade deficit. Our trade deficit got worse.

It got worse. didn’t get better. $96 billion in the wrong direction. Again, I don’t know how Navarro or Lutnik is going to spin this. They’ll probably be like, I don’t think a factor in that. Look at all this tariff revenue that we’re taking in. Give me a break, man. Again, durable goods. With the exception, the exception of post-COVID, we…

had the largest rise in prices and durable goods since the mid 1990s, up 2.8%. Walmart’s can start raising their prices at the end of, well, we’re at the end of June now. Again, this is interesting as well. And again, I don’t know how this is gonna go about affecting the stock market. I don’t know if companies are gonna continue to lay people off.

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So they continue to make their numbers because consumer spending is down. Consumer spending is down. What does it mean? Demand is down, meaning that companies are going to have to lower their prices, meaning are they going to be able to factor in those tariffs? And if they’re not able to factor in those tariffs, what’s going to happen to corporate earnings?

Again, I’m trying to get my arms around it right now, what that means to the markets going forward or whether or not companies are just going to say, hey, you know what, we’re going to start laying more people off. Again, can throw this out there to all of the people that think that these tariffs are a wonderful thing. Again, our trade deficit is going in the wrong direction. And if all these tariff revenues are bringing all of this money, why is our deficit over two trillion?

dollars. a positive note, basically telling Canada to go blank themselves because of the digital services tax was smart. I have a lot of credit for that saying this has got to stop. And the same thing has to true with Europe as well. And these are the things that, quite frankly, you can work on little by little.

when various different nations make it difficult for us to do business there. I’m all for that and always have been for that. Again, trade deals need to be on a single page. You don’t mess with our stuff, we won’t mess with your stuff. Let’s compete, let’s do business. That’s the way it’s supposed to be. Watchdogonwallstreet.com.