When President Trump announced his Independence Day on April 2, featuring massive tariff hikes for everyone everywhere, the markets tanked. It didn’t take long before Trump announced a 90-day moratorium.
Everyone breathed a sigh of relief, and the stock and bond markets recovered.
CONTROL THE AUDIO BY PUSHING BUTTON BELOW
The whole episode earned Trump the sobriquet of TACO — “Trump Always Chickens Out.”
As much as I was expecting that nickname to hold true in the Iranian nuclear arms build-up, it didn’t. Instead, the B-2s took flight.
But here we are with the tariff moratorium already history, and Trump once again announcing heinous tariff levels that will take place August 1 unless the other parties make deals.
The question thus arises: Will Trump chicken out again and announce some new type of extension?
Opinions are divided, so I guess we just have to wait and see.
August 1 is less than three weeks away. Bring out the pico de gallo.
Gary McCarty