I agree. The people with real money always find a way to benefit, while small investors and businesses deal with the fallout. The uncertainty alone makes it nearly impossible to plan.
I don’t necessarily have an issue with the 10% baseline tariff—there’s a case for it when used strategically. There’s a real policy debate to be had about the percentage of tariffs applied and how they’re implemented. And there’s also a difference between countries that take advantage of us through unfair trade practices and those we rely on for raw materials—treating them the same just creates more problems than it solves.
What we’re seeing now is chaos. The reciprocal tariffs are paused, the baseline stays, and China gets hit with a 125% tariff—something that’s going to land hardest on lower-income Americans who rely on affordable imports.
I’m glad the market bounced, but I’m also annoyed. The pressure’s still there for consumers, and we’ll be right back in the same spot potentially in 90 days. There’s a better way to do this—something measured, consistent, and focused on long-term benefit for the country.