With the current tariff war, I see a couple of conclusions
\- Price increases on products, resulting in consumers cutting back on purchases
\- Companies are selling fewer products, resulting in a lowered top line
\- The rest of the world completely changing their trading approaches with US, resulting in more isolation and, again, a decrease in sales and revenues.
Could company prices at 30-40% below recent highs be the new norm, at least for 5-10 years? Even if there is a change in administration in 4 years, I believe it would be too late for a quick recovery to the levels of sales and revenue that we had last quarter.