Oh boy, now Lutnick says the exemption on electronic devices is temporary and that they will eventually get their own levies.
So far, officials in the Trump admin have never been on the same page as Trump, so I wonder what's real here.
Once again, they are playing with the news and presenting things both ways.
I suppose the biggest question we face, while ignoring Admin statements for now (which traders should do), is whether or not removing regulations, both safety and environmental will be enough to help growth overcome the slowdown caused by inflationary trade policies.
The Inflation President can keep his nickname, with no worries, if he can create a growth environment that will freeze the Fed from dealing with inflation.
We will run the numbers, but I'm not so sure slicing regulations alone will be enough, because that likely won't lower prices. They never lower prices.
But that should be good for corporate profits. Similar to post COVID, corportation took in record profits in the face of inflationary pressures. And what's good for coroporate profits should be good for the equity markets.
I'd ask the thread to start listing pro's and con's of the economic policy and outlook, but I'm not sure there's anyone in this thread that even understand that simple question.
Maybe
@Archie , or maybe
@jjgold if Gold wanted to. Props to
@KingKolzig for digging in, learning, and thinking for himself here.