This is like February 2020 with absolutely no public awareness of what would hit within weeks. the current tariffs are still 20pts higher than where they were a month ago.

honestly, this is like February 2020 with absolutely no public awareness of what would hit within weeks

(bonus – full thread starting Feb 2, 2020 for those who have any interest in watching a profoundly mishandled slow-motion trainwreck day by day: https://t.co/bewiFY9GSg) https://t.co/mbjjD8xGiz pic.twitter.com/OICJraFzlv

— John P. Hussman, Ph.D. (@hussmanjp) May 4, 2025

(sigh)
Tariffs went up again this morning.

The whole Trump-paused-tariffs narrative was always overstated. He has redistributed tariffs, but not really cut them in total.

The tariff wall is higher than the isolationist Smoot-Hawley rates. https://t.co/GyqWYbPUni

— Justin Wolfers (@JustinWolfers) May 3, 2025

While the stock market is priced like the last month was just a fever dream, the reality is the current tariffs are still 20pts higher than where they were a month ago, there is an effective embargo on Chinese imports, and no trade deals are on the horizon.…

— Bob Elliott (@BobEUnlimited) May 4, 2025

I’m sure a 25% auto tariff will help this. https://t.co/k7xxv0Sjya

— QE Infinity (@StealthQE4) May 4, 2025