Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
FYI: The President took an opportunity today to return to one of his key themes from the 2016 campaign, which is something he does whenever the news cycle turns to Russia and quitting staffers, and shocked the markets with a regressive, counter-productive and possibly destructive tariff plan for aluminum and steel. Regards, Ted http://thereformedbroker.com/2018/03/01/1234-lets-have-a-trade-war/
"If President Trump puts in place steel and aluminum tariffs recommended by the Commerce Department, his administration will be crossing an unspoken line in the sand no country has crossed since World War II…once the US starts invoking national security to protect industries, everyone can do it. That’s why no one has done it. The international trade system is built on trust, and no one has violated that trust to this degree."
Comments
"If President Trump puts in place steel and aluminum tariffs recommended by the Commerce Department, his administration will be crossing an unspoken line in the sand no country has crossed since World War II…once the US starts invoking national security to protect industries, everyone can do it. That’s why no one has done it. The international trade system is built on trust, and no one has violated that trust to this degree."