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this post was submitted on 07 Apr 2025
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Yeah, Trump is a real estate guy, and I expect he has a relatively small allocation to stocks in his portfolio. So he probably doesn't care all that much about Wall Street.
That said, he did give several warnings. He campaigned on a platform of across the board tariffs (I think he even mentioned his 10% figure), he tried doing tariffs at the start and backed off, and now he's committing to them. So that's several months of warning, not necessarily for the actual numbers, but for the general direction.
It absolutely is alarming though. But that's kind of Trump's MO, he holds his cards close, and is usually bluffing, but sometimes he actually takes action.