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Rumors that the WH will enact an annual 'exporter tax credit/refund' that will offset tariff hits for American companies sent the futures up last night ... and that some countries are lining up to negotiate with Orangina.
I don't trust this bounce since his so-called 'reciprocal' tariffs kick in tomorrow, so we may head back down again. IMO if anything, it's an opportunity to exit or trim positions if desired.
We need to view the WH tariffs as a negotiating tool rather than a thoughtful and well planned policy. Exiting now also locking in permanent loss unless one have large gains from previous years. So think carefully and everyone situation may differ.
The environment seems toxic, but yes, we could expect to see a short-term bounce from the WH proudly announcing its next display of world dominance in the tariff negotiations.
Comments
Rumors that the WH will enact an annual 'exporter tax credit/refund' that will offset tariff hits for American companies sent the futures up last night ... and that some countries are lining up to negotiate with Orangina.
I don't trust this bounce since his so-called 'reciprocal' tariffs kick in tomorrow, so we may head back down again. IMO if anything, it's an opportunity to exit or trim positions if desired.