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Anonymous's avatar

is 130% tariff on China and a 10% global tariff caving? Seems like the markets are overreacting here.

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Henrik's avatar

Considering the rates to be levied on Vietnam and other major import partners absolutely

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Toiler On the Sea's avatar

A recession is coming regardless, but those tariff rates in place for months would've resulted in a global depression.

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Zero Cool's avatar

We donтАЩt know yet if a recession is set to hit. ThatтАЩs all speculative at this point. The numbers of jobs added per month since this year began is an indication thereтАЩs still growth even if volatile.

The pullback or pausing may make a temporary slowdown to the economy. However, because theyтАЩve been instituted for a short period of time, the economy can potentially pick up overtime depending on the dynamics happening.

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michaelflutist's avatar

Absolutely, but as we know, markets are irrational, because they're composed of people.

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