Company after company are pulling or slashing their earnings outlooks as Trump's reckless policies are making it impossible to forecast earnings.
"Executives are increasingly sounding the alarm over how Trump’s vacillating trade policies have sapped consumer and business sentiment, raising fears that even if tariffs are rolled back substantially, the damage done in the last few months will not be easily reversed."
Whether you like what you think his end goal is, the market reaction has led to layoffs and chaos. Despite Trump's strong handed approach, he may be forced to pull back so businesses can regain some sort of sanity and actually create plans. The ability of businesses to plan is an absolute necessity.
Part of me thought maybe shock is the only way to get things to happen, although I'd have preferred a more surgical approach. I thought maybe this is just part of Trump's negotiating strategy to get some movement. But with the difficulty this is creating for businesses, he will be losing some of his leverage. Foreign countries will see this and may wait it out as our own businesses push back and do their fighting for them. At least to an extent. China is one that could wait it out for the next President if they wanted to. They have always had longer term economic views than that of western nations.
"Executives are increasingly sounding the alarm over how Trump’s vacillating trade policies have sapped consumer and business sentiment, raising fears that even if tariffs are rolled back substantially, the damage done in the last few months will not be easily reversed."
Whether you like what you think his end goal is, the market reaction has led to layoffs and chaos. Despite Trump's strong handed approach, he may be forced to pull back so businesses can regain some sort of sanity and actually create plans. The ability of businesses to plan is an absolute necessity.
Part of me thought maybe shock is the only way to get things to happen, although I'd have preferred a more surgical approach. I thought maybe this is just part of Trump's negotiating strategy to get some movement. But with the difficulty this is creating for businesses, he will be losing some of his leverage. Foreign countries will see this and may wait it out as our own businesses push back and do their fighting for them. At least to an extent. China is one that could wait it out for the next President if they wanted to. They have always had longer term economic views than that of western nations.
