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Commodities Crash after Trump’s Tariff Nightmare
SUMMARY
- *YTD our absolute return strategy is up 7,5% Commodities Crash after Trump’s Tariff Nightmare In his mission to re-shore critical industries, raise revenue for the U.S. and narrow the deficit, Trump rolled out aggressive tariffs on virtually all countries (except Russia, Cuba and North Korea).
- The new 10% tariff baseline is roughly triple the average US tariff rate before Trump reclaimed power in January and the calculation behind each tariff rates seems insane.
- “We will charge them approximately half of what they are and have been charging us,” Trump said of the reciprocal tariffs.
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