National & Minnesota Report
With the announcement today, of Donald J Trump’s (R) recent spate of tariffs, which keep coming on Tuesdays, now establishes a 25% tariff on all imports of aluminum and steel coming from every source, America is now at odds will all importing nations. This is resulting in reciprocal retaliatory tariffs. The European Union, Canada and we expect more nations to follow suit.
In the economic arena, Trump is continuing to play the role of the Chaotic Irrational actor. One day its 25%, then as he said, but didn’t follow through on, an increase for Canada to 50%, but then extended it to all importing nations, throws a monkey wrench into the global economy. The argument of creating a level playing field is now the term of art being used, when before the purpose was a Drug War against Fentaynl coming from Canada. The arbitrary and quixotic rationale for whatever action seem unbounded and only justified in the mind of the Orange Headed Imbecile.
As people who follow the stock market and commodity futures watch the gains made from the start of his second term of office to now are witnessing an evaporation and increasing instability and uncertainty are developing a wariness toward America. Especially, with our international partners both economically and in regards to our geopolitical alliances.
It looks like the Madman Theory is fully underway.