JPM: Given that talks w/ Japan and EU “have not gone as smoothly or quickly as desired, and negotiations w/ China and Canada are either not proceeding at all or are largely antagonistic, Trump stated today that they are back at the beginning: the US will implement tariffs as a take-it-or-leave it..”
They’re going to wait him out. When shelves are bare, economic growth collapses, stagflation and unemployment hit, he’ll cave. Art of the deal my ass.
May 6, 2025 21:54Yep. They know the pain starts ratcheting up over the coming weeks.
