superrific
Master of the ZZLverse
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The economy isn't going to recover from his trade war shock even if he does capitulate. For one thing, he's not capitulating fully -- even in his 'play nice" scenario, there are still 10% tariffs everywhere, 25% on other items, supposedly more tariffs coming for pharma etc. But more importantly, the capitulation will be done in a face-saving kind of way, which means it will not be a policy. It will never get predictable.He will get a bounce back as the economy recovers from his trade war shock — IFF he can stick with his capitulation of the last 24 hours. The interesting part will be to what extent the independents credit him with “fixing” something he broke.
The irony is that Trump's tariffs are likely to force US manufacturers to relocate abroad instead of the other way around. That's what happens when you try to fight the whole world at once.