This Should Have Been the Tariff Plan All Along

President Trump has announced a 90-day pause on tariffs for countries that have not retaliated. It also looks like reciprocal tariffs will be 10% if they go back on. Just parsing through what was sent on Trump Social. I'm sure more details coming.

This gives a realistic timeframe to negotiate with so many countries. Ninety days is a tight deadline, which is good, but very doable.

China is clearly still in a fight, but now maybe more alone?

Unclear on Eropean Union or Canada.

Had we done 10% tariffs across the board with 90 days grace at the Rose Garden, stocks would have rallied a bit from where they were (I think).

Some damage has been done between Liberation Day and today.

Confusion and frustration amongst many trading partners.

Real change with China that hasen't yet been felt.

Some confusion domestically around the purpose and process but that is a minor issue at worst.

All else being said, this should undo a lot of the pain markets have had, but all of it? (As I'm typing much of the damage has been undone).

Trading this market seems like facing a TARP vote every day (extremely difficult for those who lived through it).

The TQQQ buyers yesterday, presumably retail, are up 30% in a day! That should keep animal spirits ignited!

This is definitely a positive development and gives everyone some breathing room, which is greatly appreciated. The bottom in? Maybe? There's still a lot of moving parts.

I wish this would have been the initial plan. I think it would have saved a lot of angst and goodwill.