Quote from: Die_empty on April 07, 2025, 08:33:39 AM

Quote from: Free Market Capitalist on April 07, 2025, 07:33:44 AM

What do you think?

Sadly the celebrated "crypto president" is now leading the sector to a big time drop. Trump's steadfastness that these tariffs are the means to make the US great is a big concern. He seems not to be listening to the advice of severe economic experts. He has told Americans to be patient because they will go through hard times to enjoy a great America. Trump also said the stock market should "take medicine", which is just annoying.

I think the mentality behind Trump's aggressive tariff hikes is that other countries have been ripping off from the American economy over the years and it's high time someone addresses that, but it's quite unfortunate that the direction of his reciprocal tariff levies are just irrational and ill-conceived and as a result its affecting the global economy harshly.

Quote from: Die_empty on April 07, 2025, 08:33:39 AM

My position is that the US cannot sustain these tariff wars. Within few weeks there will be negotiations and he would back down on some of them. Immediately there are signs of compromise, the market will gradually recover. For now, I think we are indeed going through a "Trump Dump" because he is the sole cause of this market dump.

Of course we expect negotiations would be put in place especially with those countries with small economies that are left with no viable options. But for China I think the president said they won't bow to Trump's "tariff blackmail" and would respond appropriately. So we don't know how long this economic war is going to last and what more effects to expect.