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From Mintymile to Witty_Wing: A Tariff-Induced Evolution
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Today's author is a fork of Mintymile - Witty_wing!
Just like crypto Blockchains have forks, today Mintymile is forked, and I, Witty_wing have emerged. Say hello to me!
It’s the Trump Tariff effect, it was so electrifying that Mintymile got split and I, Witty_wing emerged.
I hope, Mintymile’s readers and audiences enjoy reading what I have to say as well, and ofcourse, like it or not Witty_wing starts off from where Mintymile stopped in her last few articles – Trump’s Tariff!
Surprise! Surprise – Trump Reverses Course on Tariffs... But Why?
US Markets in Reverse Gear: The Tariff Pause Bounce
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hmmm… Now I would not say what Mintymile has said that Trump reversed course on his hard Tariff policies. No, no, no far from it.
He only paused all those offensive Tariff rates he imposed on countries for 3 months, although China gets extra strong hard Tariffs!!
All this strong flavour, just got me wanting to have some strong coffee...anyway...
So, temporally relief! On Friday Trump’s 3 month pause, stopped the bleeding of US indices.
So, just notice the price movements – it looks like the price movements in major US indices – S&P 500, DJI and Nasdaq reversed, they were earlier going down but when I checked on Friday they did slightly bounce up.
S&P 500 Index Tradingview Chart>>
So, this movement looks like price put on the brakes, went into reverse gear and bounced slightly to the upside. Yeah!!
Oil Drop = Recession Signals? Global Markets Freaked Out
Cheers all… American Economy did not collapse! Hurray!!
Just days ago, Mintymile had talked about signs of Global Economic collapse with crude oil prices having fallen steeply. This screamed out that Global Market believes that the economy has fallen into the scary black hole of recession, where industrial production and manufacturing would fall so low that crude oil demand and price would fall!
Markets in Panic Mode: Crude Oil Collapse Reflects Global Economic Jitters
Trump’s Tariff Softening: A Bid to Avoid Financial Meltdown?
Later, Mintymile talked about President Trump pausing his Tariff policy when US Bond yields were increasing, and investors were selling off US Bonds. This was an alarming situation that could collapse American economy. Mass Bond sell-offs burdens American Financial system, that has to pay off bond amount with interest.
If Banks are not able to pay off those debts (as Bonds are Government Debt) and defaults, it would have devastating repercussions on both financial system and USD'svalue.
Ouch!!!
Scary, that is why President Trump, whose seen as a Tariff Bully paused his reciprocal tariff policy by 3 months, till July 9th.
Surprise! Surprise – Trump Reverses Course on Tariffs... But Why?
Mintymile’s loyal readers would also know that in no way was Trump’s April 2nd Tariff impositions ‘Reciprocal’, they were protectionist, if they had read this post which explains this logic -:
Trump's Liberation Day Tariffs: Misguided, Mismatched, and Market-Disturbing
Right, still Trump holds on to his Tariff flag – as his Trade policy of 25% Tariffs are on automobile & automobile parts, steel and aluminum imports from other countries are still going to be around!
This leaves importers, exporters all around the world confused, scratching their heads.
China vs. Trump: The Tariff Rally No One Wanted
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Trump loves golf, but his true sport? Tariff tennis with China. The volley:
- Trump serves: 54% → 125% tariffs.
- China returns: 84% → 125%.
- Trump’s power shot: 145% (!).
Fun Fact: If only exams let students score like Trump’s tariffs—100% is just the warm-up!
Trump’s Tariff Math: More Than 100%? Just Don’t Try It at School!
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Yet… imagine this as a percentage is cen percent,i.e,100%. So, a student can score 100%, not 105% or 100.1%(: Trump Tariff has no limits.
Practically, no student can generally score 100% in exams. A disinfectant and sanitizer cannot kill 100% of germs, but President Trump goes to impose Tariffs beyond 100% !
I just urge parents to be sensible and not pressure your kids to score 100%, saying it’s possible because Trump imposes Tariffs way more than 100%! Just Kidding!
Happy Weekend All!
My article can also be found in these platforms I post my content on-:
Hive — https://ecency.com/hive-150329/@mintymilecan
Publish0x — https://www.publish0x.com/@greenchic
Medium — https://medium.com/@kikctikcy
t2World — https://app.t2.world/
