Stephen Moore , a former senior economic adviser to President Donald Trump , revealed he’s “lost a lot of money” this week thanks to Trump’s tariffs. But, he said, they will be worth the pain.
Trump announced major across-the-board tariffs on Wednesday, prompting stocks to crater the past two trading sessions. Virtually all imports will be tariffed at least 10%, though dozens of countries’ exports to the U.S. will face dramatically higher tariffs. Additionally, all automobile imports are subject to a 25% tariff. To justify the measures, Trump used a strange calculation to falsely claim U.S. trading partners are levying massive tariffs of their own.
Comment:
Can anyone foresee when the pain of this one action iin the beginning of Trump's administrations will be over? Is it a month, months, or years.
Just a thought
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