Why are people here - and in the media - so convinced Trump will stay the course on Tariffs?
Everything I read and hear seems to assume tariffs are here to stay, that foreign companies will divorce themselves from US consumers and businesses no matter what happens now, and that Trump is somehow known for reliably keeping his word.
But the reality is this was triggered by one man, and that man is very fickle. Anyone who doubts Trump will search for an offramp that saves face is a fool.
This is a compressed timeline just like everything else he's done so far this term. He's already moved in from DOGE. He'll move on from this "global reset" far earlier than it's completed as well.
In the meantime, as someone holding the bag, my goal is to reallocate funds bit by bit away from the high PE growth stocks into market assets that either match Trump's vision of onshoring or are high div yield / low PE / low PB outside of tech and international supply chains.