The title of the January 21 Weekly Technical Review was “ President Trump Won’t Be a Bull in a China Shop .” I’ve changed my mind as noted in last week’s WTR. “ President Trump may be more serious about increasing the revenue from tariffs than Wall Street realizes. Wall Street thinks President Trump will settle for small increases in tariffs and more security on the borders with Canada and Mexico. Therefore, the tariff hiccup will be no more upsetting than in 2018 and the threat of tariffs in 2025 is just negotiating. Initially, I thought President Trump’s plan for aggressive tariffs was...
