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I'll post the comments, but I have heard:
1. Countries are wanting to negotiate their tariffs. ( not China) and some have offered zero tariffs
1a. But countries have been ripping the USA off or decades and they have to pay up for past bleeding
2. Even if the want tariff relief now -the goal is long terms re-shoring of manufacturing jobs, so tariff stay on even if countries want to negotiate fair markets
3. some combination of the 2 ( inherent conflicts)
When your policies have unclear outcomes, ( like mission creep in foreign policy) it not only adds uncertainty to the markets,
It also shows you have no clear metric/goals and policies that may be effective are bypassed for some future "better" (vague) ones
No reason to try the entire world trade around with simply tariffs. Make them reciprocal, and is possible lower for our exports as well as our imports
Then get that tax bill done and lock in lower capital gains and we will grow our GDP and manufacturing
Somebody needs to tell Trump to quit the confused goals, and use tariffs to better "fair trade" not try to use them to turn the entire economy around into re-shoring
The threat came as governments around the world raced to schedule phone calls, send delegations to Washington and submit proposals to lower their import taxes to escape the tariffs. Mr. Trump and his advisers have offered conflicting signals on whether the United States is willing to negotiate.
Bessent, who, along with Jamieson Greer, the United States trade representative, was put in charge of negotiations with Japan, signaled in an interview this afternoon that Trump is ready to negotiate. “President Trump, as you know, is better than anyone at giving himself maximum leverage,” he said. Bessent said he had suggested that foreign officials “keep your cool, do not escalate and come to us with your offers.” He added: “And at a point, President Trump will be ready to negotiate.” These comments contradict an interview this morning by Peter Navarro, a White House trade adviser, who said there would be no negotiations.
1. Countries are wanting to negotiate their tariffs. ( not China) and some have offered zero tariffs
1a. But countries have been ripping the USA off or decades and they have to pay up for past bleeding
2. Even if the want tariff relief now -the goal is long terms re-shoring of manufacturing jobs, so tariff stay on even if countries want to negotiate fair markets
3. some combination of the 2 ( inherent conflicts)
When your policies have unclear outcomes, ( like mission creep in foreign policy) it not only adds uncertainty to the markets,
It also shows you have no clear metric/goals and policies that may be effective are bypassed for some future "better" (vague) ones
No reason to try the entire world trade around with simply tariffs. Make them reciprocal, and is possible lower for our exports as well as our imports
Then get that tax bill done and lock in lower capital gains and we will grow our GDP and manufacturing
Somebody needs to tell Trump to quit the confused goals, and use tariffs to better "fair trade" not try to use them to turn the entire economy around into re-shoring
Uncertainty Over Tariffs Leads to Wild Swings in Markets
The S&P 500 slipped into bear market territory in early trading but by the end of the day climbed back close to where it opened. President Trump said he would not back off his trade war, reinforcing fears of a global economic downturn.
The threat came as governments around the world raced to schedule phone calls, send delegations to Washington and submit proposals to lower their import taxes to escape the tariffs. Mr. Trump and his advisers have offered conflicting signals on whether the United States is willing to negotiate.
Bessent, who, along with Jamieson Greer, the United States trade representative, was put in charge of negotiations with Japan, signaled in an interview this afternoon that Trump is ready to negotiate. “President Trump, as you know, is better than anyone at giving himself maximum leverage,” he said. Bessent said he had suggested that foreign officials “keep your cool, do not escalate and come to us with your offers.” He added: “And at a point, President Trump will be ready to negotiate.” These comments contradict an interview this morning by Peter Navarro, a White House trade adviser, who said there would be no negotiations.