E Tariff Man Trump Fooled Wall Street From The Start

Trump has surrounded himself with radical American thinkers, who are taking a mighty risk. I cannot say loudly enough that 1.4 billion Chinese customers are the future. Much of the stock market lives and dies with their prosperity. Wall Street doesn't get it. Trump wants the tariffs. He wants to raise taxes on Americans. He likes doing that. He wants us to experience this hardship.  

The problem with Potus 45 is that he projects himself as the ugly American. He says he is your all time favorite president. And this after he raised tariffs to 25 percent in 200 billion dollars of Chinese goods!

As long as investors are mesmerized by his promises and cling to his every word, their investments are in danger. We can extrapolate that Europe, Canada, Japan and Mexico are not safe from this unstable fanatic, going forward. 

Companies like Micron and Apple will suffer. They will likely come out all right in the end, but they could suffer short and medium-term pain from Chinese policy going forward.

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Disclosure: I have no financial interest in any companies or industries mentioned. I am not an investment counselor nor am I an attorney so my views are not to be considered investment ...

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Gary Anderson 4 months ago Author's comment

Update 12: China believes that even if the skinny deal is signed there will not likely be a permanent and lasting trade deal with the USA. Our isolationism will crush us one day. We are an unreliable trading partner. Our supply chain contributions could be ruined permanently. Stupid Wall Street for ever believing Trump.

Gary Anderson 6 months ago Author's comment

Update 11: It appears that a temporary solution to the tariff war is now off the table. Hope for a deal is decreasing daily.

Gary Anderson 6 months ago Author's comment

Update 10. Trump has said Huawei is off the table for October trade discussions with China. But Andy Purdy who is chief security officer for Huawei has said there will be no trade deal without Huawei being included in the discussions. Trump has conned Wall Street once again!

Frank Underwood 6 months ago Member's comment

Re: Trump - I don't know that I'd call it a con. I think it's all just posturing and negotiation tactics on both sides.

Gary Anderson 6 months ago Author's comment

A negotiating tactic to leave Huawei out of the talks in October? I think that is a naive conclusion. I hope I am proven wrong, but I don't see any real proof that I am wrong. Trump is like the movie groundhog day, but with never success ate the end.

Gary Anderson 7 months ago Author's comment

Update 9: Trump will put 10 percent tariffs on the remaining 300 billion. #Itoldyouso

Gary Anderson 8 months ago Author's comment

Update 8: Tariff Man keeps fooling Wall Street. While Trump backed off Huawai, he now is going after Europe. The Chineses have to be rolling on the ground in stitches while they are welcoming Europe with open arms. Why Trump would fight for Boeing while that company employed temps to formulate the Max software that kills people makes absolutely no sense. Tariff Man is addicted and the Democrats have also rejected free trade. We are a bunch of losers for sure.

Bill Johnson 8 months ago Member's comment

Good updates. But why not throw them all together and create a Part 2 to this article, as an article in it's own right?

George Lipton 6 months ago Member's comment

Good though Bill, I second that idea.

You'd get more pageviews that way. Doesn't earn you more money or equity or whatever?

Gary Anderson 6 months ago Author's comment

I have been sick. So I appreciate your comments, but things change so fast around Trump tariffs that I wanted to keep this article center stage if I could. It shows the graph where China was beginning to ramp up purchases of American goods until Trump policy changed the Chinese perspective. I am feeling better, but I have to be careful going forward. Thanks again, George and Bill!

Gary Anderson 8 months ago Author's comment

Update 7: Trump is buying time, wanting to give the appearance of a truce with China. However, that truce is political, as he hopes for reelection. Once Trump is reelected, will he revert back to Tariff Man? There will be no check on him doing just that. Bannon says Trump will never back down on this tariff war. Is he, after the G20 truce, still right? Will the stock market and world prosperity be in danger after the election? Is prosperity already damaged no matter what he does going forwatd?

Gary Anderson 8 months ago Author's comment

Update 6: Trump #blinks for the good of the nation. He put the nation before #tariff mongering ideology, for now at least. #G20 may be a win for America after all.

Gary Anderson 9 months ago Author's comment

Update 5: Wilbur Ross said a deal will be made but then comments that all US demands will have to be met. The man is a delusional market manipulator.

Gary Anderson 10 months ago Author's comment

Update 4: US irrational sanctions on Huawei are by presidential decree. This will slow Huawei but make the giant telecom even more independent. The US wants to separate this cowardly act from the broader trade war. That may not come to pass. The world economy and the USA stock market are not immune.

Norman Mogil 10 months ago Contributor's comment

It is starting dawn on many that these tariffs are here for the long haul. Yet govts have not introduced measures to ease the adjustment e.g. how are farmers to be compensated for permanent market loss. The US govt does not understand the need for an adjustment mechanism has to go hand in hand with a permanent shift in trade patterns,

Anthony Varrell 10 months ago Member's comment

Yes, I admit I thought the trade war was just a tactic to get China to the bargaining table. But this won't end soon.

Gary Anderson 10 months ago Author's comment

We are close to the brink.

Gary Anderson 10 months ago Author's comment

Update 3: Citizen boycotts are highly effective in China. A people's war against the USA is exactly that sort of boycott. It was called for by the official Chinese media in a primetime announcement last night. This will be worse than any official tariffs that China imposes. Wall Street is asleep. #CNBC #tariffs

Leslie Miriam 10 months ago Member's comment

Wasn't a fan of the trade war. China is a gorwing power and we'd be better to have them as an ally. But lately I've been reading about how China is forcing it's own people into internment camps. Now I don't mind if we crush their economy a bit!

Gary Anderson 10 months ago Author's comment

This isn't a game for the American consumer, Leslie. 70 percent of shoes sold in the US and one third of the clothing sold in the USA comes from China! Serious costs await the American consumer. Add to this the Chinese don't want a tariff solution, and Trump wants to make up ground whatever that means. The only way around this is for Trump to keep US companies from giving up tech transfers while not forcing China to change its laws. Tech transfer is not illegal. Tech from other nations will gain an advantage in doing business in China over constrained US companies. But if that is what Trump wants, at least it would allow for a deal and circumvents the impasse about tech transfers.

David Reynolds 6 months ago Member's comment

While I agree, to play devil's advocate... there are many countries in the world. There is no reason why we can't shift some of our products and imports to other countries.