I hope you haven’t looked at your IRA or S529 College Savings plans. Trump’s tariff policy sure has the markets voting that this is a bad move, increasing the probability of a recession later in the year. With the Fed data dependent (they have to see the monthly data points first), there’s no way interest cuts are going to rapidly make up for a slowing economy.
Somebody needs to tell this Administration that it takes years to build manufacturing plants, if their intent is truly to onshore manufacturing. Given the variety of explanations from the Administration, I’m not sure they know why they’re doing it. American workers won’t want to work for low hourly wages, so as a consumer, you can say goodbye to inexpensive goods, even if “made in America.” If you are a U.S. manufacturer, you’ll raise your prices to match the price of imports to increase your profit (unless you want to grab market share). From many perspectives, the people loose, with great wealth destroyed in the last six weeks.