Quote:
Originally Posted by Buddahaid
Trump inherited a good economy from Obama.
Trump did not shotgun tariffs in his first term.
Russia's first attack on Ukraine was in Trump's first term.
Tariffs could be successful if planned and targeted. Again, the shotgun approach will fail.
No, I don't wish it to fail because it's Trump. I have investments for retirement that I want to grow in value, but Trump is going about it with a hammer where finer methods are needed.
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And here we go. Sigh. Did Trump crash the good economy (printed money by Obama/fake economy)? The talking heads said he would. Did the economy grow? Certainly. During his first term, Trump imposed several tariffs, primarily targeting imports from China, and certain global goods like steel and aluminum, washing machines and solar panels. Some of those tariffs remain while others have expired. Then COVID.
On 24 February 2022, Russia launched a military invasion of Ukraine. Joe Biden's tenure as the 46th president of the United States began with his inauguration on January 20, 2021.
Trump targeted his tariffs first term. Read above.
Yes, it is just Trump that you do not like with every fiber of your being. The entire thread is riddled with examples of just that.
I too have watched my investments for retirement tank. For that I wish he used a precision instrument instead of a battle axe with these tariffs. However, my portfolio manager and other investment firms said to hold the line. Sadly, it will take 4-6 years to re-coop losses. Similar to 2008. But if is for a better future for my kids and their kids...so be it.