Personally I can’t see this being planned, rather having to act as the ”law of unintended consequences” took effect in a number of ways..
Bond markets began retreating and the free fall of stock markets around the world.
West Texas Intermediate fell 20% to their lowest levels since 2021.
Fears of a global recession and trade war heightened and consumer confidence dropped and a deep recession was likely. People who had planned to sell funds or stocks, to finance certain expenditure, had to put those plans on the back burner until prices went back up.
Perhaps the most unforeseen consequence was that some Countries began seeing China as more friendly than the USA and China was moving to exploit that situation. As a result of the tariff China was trying to project the image as the protectors of free trade. The recent Bangkok meeting involving Cambodia, China and Thailand where they discussed enhancing economic ties being one example.
While some of these events were predictable, the full extent wasn’t. So to save face it the message was “We told you if you didn’t retaliate we would reward you” (big China dig) and “it was the art of the deal”.
Reminds me a bit of the infamous Liz Truss mini budget of September 2022.
Everyone knew it when he advised before his announcement, "This is a great time to buy" so no insiders!
Had he not said this, there might be grounds for insider trading, yes?
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