25% on cars & reciprocal tariffs. So nothing new.
Barker from the auto industry about what he sees (biased bubble? ^^). Underutilized factories, job cuts, etc.
Canada as an unfair trading partner with high tariffs (Trump signed the last trade deals with Canada and Mexico 🤡).
Australia has high tariffs on beef. Australia also has an oversupply. Even without tariffs, Australians will continue to buy local beef - because it's cheaper than US beef anyway...
I want to take notes, but I can't
with this nonsense. 😂😂
Trump and sin Trade Deficit... Trade deficits are neither good nor bad per se. Very large deficits can have a negative impact on the economy. A trade deficit can be a sign of a strong economy and under certain conditions can lead to stronger economic growth in the country where the deficit exists. But he just didn't understand that... Macroeconomics is just not his thing...
(For the exact list: https://getqu.in/5RMOVN/
https://getqu.in/5RMOVN/ / @BamBamInvest )
Trump presents like he's playing bullshit bingo. 😂😂 "He's a great friend of mine blah blah blah but they charge us horribly. No one has ever treated worse blah blah blah. " 😂😂
Calculation bases are unclear and not mentioned. (Please post/comment if you find anything).
Regarding the situation vis-à-vis Switzerland:
- Industrial goods: Since January 2024, Switzerland no longer imposes tariffs on industrial goods, which means that almost 99% of goods imported from the USA can be imported duty-free.
More blah blah blah about what he does sooooo well... NVDA and other companies were mentioned ($NVDA (-6,05 %) lost 2% at practically the same time 😂).
Bad China blah blah Bad trade agreements blah blah China has taken advantage of us (maybe partly right? Economically opportunistic - who wouldn't do it that way...? )
So, enough of my own blah blah blah.
Conclusion: Nothing (great) new.
My expectation: volatility. Shorter/longer and stronger/weaker depending on international reactions. But the recovery will come quickly. Other countries will also increase tariffs in some cases - until the calculation has been clarified... China is firing up the printing press for local consumption. EU lets itself drift and seeks a compromise. Switzerland is negotiating behind closed doors and without much turmoil - will hardly affect "us".
