Trump is destroying the WTO and NAFTA. The US market is too big to be locked out of. There is no alternative market that can absorb the supply. Get a clue. Exporters rely on something called "competitive devaluation" and the US can't compete on that. Trade is broken, by any measure. I heard one guy describe this well. He said, If you are looking for explanations, then you may have overlooked the most obvious.
I am not the only one who thought of that in this thread. No offence taken. Traders are dumb true but Trump still didn't have to levy the tariffs when he knows that's an artificial trade barrier that doesn't really amount to anything in the long run but can cause stagflation in the short run. He's gone to one of the best business schools in the world, Wharton. Shittiness of trade barriers is taught in Economics 101. He didn't levy these tariffs because traders are dumb.
By "they" I meant Trump and (most of) his administration (and the one who're smart enough don't have a spine, so...). As for Wharton... come on, man, did you see the "formula" they used for the tariffs?
His professors stated Trump was the dumbest student they ever met and wondered how he got into the university.
Trump doubles down on stupid. Trump threatens new 50% tariffs on China if Beijing doesn’t remove retaliatory duties: Live updates https://www.cnbc.com/2025/04/07/trump-tariffs-live-updates-stock-market-crypto.html