Om, Yes, and if Trump had done this one country at a time, the US / global angst could have been avoided. Just start with one country using the reciprocal rule laid down in today's announcement (ie - 1/2 of the exisitng rate being imposed on the US), and then make that the 'template' for each subsequent country. Simple. There was no reason to jam everything together all at once. The self imposed 'first 100 days' timeline doesn't apply to the tariffs since no one is questioning Trump's right as President to determine the tariff policy.
But what's done is done. Actually the tariff policy % numbers turned out to be more well thought out than I expected. We'll see what happens, but once the dust settles over the next several days, I'm thinking the market stabilizes, and then as countries start inking deals with the US (next several weeks), the fear level could receed considerably. Then we'll worry about the economic numbers deteriorating, but if that isn't looking too bad, we get a tenouous recovery underway. I'll probably be 'buying the dip' at some point (modestly), depending on when / where the market stabilizes. But we could still see a 9 month downtrend overall, ala 2022, so might not be able to buy and hold until further into the process. Anyway, just thinking out loud..
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