Friday, 4 April 2025 — ucanbpolitical
The rout in the markets continued on Friday. One cause was China’s retaliation including slapping 34% retaliatory tariffs on US goods. It’s something I pointed to in my preceding article under the heading; the three conditions needed to precipitate an actual Crash. Whether countries rebuff the US or capitulate is one of the three conditions which could turn a rout into a crash leading to share price falls of up to 40% and a financial crisis. Here is the unhinged tweet from Trump after China retaliated against his Alamo tariffs: “CHINA PLAYED IT WRONG, THEY PANICKED – THE ONE THING THEY CANNOT AFFORD TO DO!” Either Trump was not serious about the tariffs suggesting the Chinese jumped the gun before negotiations, or he is the one panicking because they stood up to him. And if this is the case, his tariff ploy is going to backfire spectacularly.
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