Introduction
The U.S. tariff situation has been in flux since "Liberation Day," April 2nd. The Trump administration has promised "90 deals in 90 days," with a deadline of July 2nd for countries across the planet to negotiate
You Mess With The Don, You Get The Tariffs
Summary
- U.S. trade policy relies heavily on tariffs as a negotiation tool, with few incentives offered to trading partners.
- Recent tariff threats against the EU and Apple are unlikely to achieve their intended goals due to political and economic realities.
- Apple is more likely to absorb or pass on tariff costs than move iPhone manufacturing to the U.S., given labor and logistical challenges.
- Given the unpredictable trade environment, I remain cautious and recommend prioritizing risk management and position sizing over aggressive moves.
John "Jack" Bowman is a registered investment advisor, economics educator, research analyst, and commentator from Southern California. He mostly covers macroeconomics, income-focused investments, derivatives, alternatives, and portfolio management. "History does not repeat, but it does instruct." — Timothy Snyder, On Tyranny
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