Trump calls off reciprocal tariffs for 90 days.
Doubles down on tariffs with China, now with a 125% tariff.
Continues to impose a 10% tariff on the rest of the world.
Despite the pause, the U.S. remains the highest tariff industrialized country. pic.twitter.com/Ue4g1a1gRb
— Justin Wolfers (@JustinWolfers) April 9, 2025
cant say earnings don't matter anymore
if we go back to a market where the only major tariff issue has to do with China, earnings absolutely have become relevant again
strong jobs + lower inflation + good earnings was the story of 2024 and can still be the story of 2025
BUT…
— amit (@amitisinvesting) April 9, 2025