Mr. Trump’s Wild Ride
“Investors of the world, unite! You have nothing to lose but your gains!” – Trumpunist Manifesto
If anyone doubted Donald Trump’s repeated campaign promises in 2024 that, if elected, he would impose sweeping, massive tariffs on foreign imports, all such doubts evaporated on April 2, 2025, when the US President kicked off a global trade war. Trump’s so-called “Liberation Day” appears to be working just fine, if the goal was to liberate more cash from Americans’ pocketbooks. With tariffs applied to virtually every country on Earth, even some unpopulated South Pacific islands (but excluding Russia – surprise!), increases in costs from 10% to 49% have roiled global financial markets.