Tuesday, August 12, 2025

Taco Tuesday!

The Swiss were very upset when convicted felon Donald Trump put a 39% tariff on Swiss goods that went into effect on August 7th. The highest tariff on any developed nation.  Well, guess what?  It's Taco Tuesday and Trump has reversed course and TACOed, on gold, which the gold markets loved. 

Donald TACOed again with Chinese tariffs, announcing late last night that China another 90 days.  Last month, Trump stated that there were going to be no extensions-- guess that was another lie. The U.S. tariff on China is 30%, and the Chinese tariff on U.S. goods is 10%, until the new deadline of November 10th. Let's hope things get figured out because the U.S. tariff on China was going to be 145%, and China's tariff on the U.S. was going to be 125%.  

Don TACO is doing it again. He swears off changing his mind, and then does it again. I guess we should take everything he says as an "alternative facts" instead of lies.

No comments: