Quote Originally Posted by jon1959 View Post
Well if that is the 'now or never' then it is now. The FTSE100 is already 11% down in just over one day of trading.

Most market analysts I have read in the past week (it is certainly not my area of expertise) think the great Trump Tariff Experiment has been badly thought through, planned and communicated. Trump's cabinet are contradicting each other every day. It has gone bigger than expected and the retaliation has been bigger. There is currently a 50:50 chance of a US recession this year. Pension pots are 'bigly shrunk'. US workers and consumers will be hit hard - and the promise of a return to 1950s manufacturing (a fantasy) by bringing jobs 'back onshore' is for the medium to long term even if it was true.

It is what the world looks like when cock up and conspiracy are in lock step.

There is likely to be a major adjustment to trade deals and military alliances - none of which will help exploited workers in Global South countries - which isolates the USA and works around it. It will reshape globalism, but Trump will not end it. He doesn't want to - he profits from it like Musk and the rest of his oligarch mates and golf buddies. But it does look like four years of 'America First' (aka Trump First).
I'd forgotten that one from the first term - that Trump is some sort of anti-globalist. He wants a tower with his name on it in every capital city!

And he also wants money and isn't particularly sniffy about how he gets it.