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🤔 My Thoughts
President Trump’s stirring the pot again, accusing China of breaking a trade deal they just hashed out in Geneva on May 11, 2025. The deal was a big deal—both sides agreed to slash tariffs by 115 points, bringing U.S. tariffs on Chinese goods to 30% and China’s on U.S. stuff to 10% for 90 days.
But now, Trump’s shouting on social media that China’s “TOTALLY VIOLATED” the agreement. Problem is, he didn’t elaborate on what they did wrong, and U.S. officials aren’t talking either. Treasury Secretary Scott Bessent just said trade talks are “stalled” and might need a Trump-Xi heart-to-heart to sort out.
This drama’s got markets on edge. When the deal was signed, stocks like the S&P 500 and European markets jumped, stoked about lower tariffs.
But yesterday, a court flipped things, reinstating Trump’s tariffs after another court called them illegal, so it’s a mess. This uncertainty’s making investors nervous—nobody knows if tariffs will spike again.
For businesses, it’s a headache. Those 145% tariffs already cost U.S. companies $34 billion, jacking up prices for stuff like clothes and electronics. Retailers like Hobby Lobby are stuck, delaying shipments. The Tax Foundation says households could be out $1,155 this year if tariffs stick, and more if things escalate.
Now while this is a headache for those businesses… all this volatility is opening up some juicy trade opportunities. I have a setup I love right now that I’ll share in a special live broadcast at 1:30 PM Eastern - get your link to join right here. | | | | |
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