Trump: I didn't know the tariff pause would have that impact. C’mon dude … You just had a preview 2 days ago.
I'm happy for all those who made a ton of money today, congrats. Just a reminder that: - The tariffs are not "paused", they're capped at 10% for all, including those who had them at 10% (no gain), including those who had a trade ***surplus*** with the US (Australia), including special friends (Israel, UK), etc. - China (which accounts for the largest part of imports in the US) has a 125% tariff, which should impact inflation, wreck small businesses and in general, piss consumers off. - Mexico and Canada, that until now had been exempt of these so-called "reciprocal" tariffs, have now been hit with an *extra* 10% tariff. - Cars and other goods in Mexico and Canada covered until now by the trade agreement (ex-NAFTA) and thus exempt from any tariffs now have to *pay up-front* the tariff, and hope to get reimbursed at a later indeterminate date when the US asseses that there's no foreign content. - The reputational damage cannot be undone.
I think there were more traders like this than big winners. I traded small and treaded lightly because of the mad man was driving the bus.
Even if true, I don't think it would make the messenger a crook. Had it been 4 or 5 friends and family, then maybe yes, but not when broadcast out.