Market Timing

[gfp927z]

While Trump is calling April 2 'Liberation Day for America', Wall Street and corporate CEOs are starting to see "Liberation Day' as the day that Trump leaves office.

How can CEOs run and plan their businesses with so much tariff uncertainty, and now the increasing chance of a recession? They can't, at least not optimally, so the economy will start to sputter, a global pullback, just like what happened after the Smoot Hawley tariffs of 1930. Do Trump and his advisors read history? Apparently not.


>>> Smoot–Hawley Tariff Act

https://en.wikipedia.org/wiki/Smoot%E2%80%93Hawley_Tariff_Act

The Tariff Act of 1930 (codified at 19 U.S.C. ch. 4), commonly known as the Smoot–Hawley Tariff or Hawley–Smoot Tariff,[1] was a law that implemented protectionist trade policies in the United States. Sponsored by Senator Reed Smoot and Representative Willis C. Hawley, it was signed by President Herbert Hoover on June 17, 1930. The act raised U.S. tariffs on more than 20,000 imported goods.[2]

Excluding duty-free imports, when enacted, the tariffs under the act were the second highest in United States history, exceeded by only the Tariff of 1828.[3] The act prompted retaliatory tariffs by many other countries.[4]

The act and tariffs imposed by U.S.'s trading partners in retaliation were major factors in the reduction of American exports and imports by 67% during the Great Depression.[5]

Economists and economic historians have agreed that the passage of the Smoot–Hawley Tariff worsened the effects of the Great Depression.[6]

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