JC STONE - 4/4/2025 16:29 Do you think Trump will stand idlely by and watch the stock market crash? Or does he have a backup plan. I honestly don't know. I guess we'll see how good of a chess player he is. If the market continues to lose value the midterms will be a bloodbath for the Republicans. He will have everyone mad at him. I think the majority of countries will come to the table, however China is the wildcard. There will come a day to be bullish soybeans, not today though. It is more than just the stock market. These tariffs are new taxes on American consumers. The foreign countries are not paying the new tariffs, it is the importers, who will then pass the cost of the tariff on to the American retail customer as an increase in prices. Billionaires and the top 10% of income earners in the US don't care about the cost of underwear, shoes or food/fruit/vegetables. The bottom 50% does/will care a lot when they take effect and reach the retail consumer. As an observation, today I was in an auto dealership which was packed with people buying new cars. I was told it has been like this in several dealerships as buyers try to buy about anything in stock before prices go up due to tariffs. FWIW Bean futures were down between 20 and 30 cents/bu today as China put on reciprocal tariffs on everything they import from the US.
Edited by Jim 4/4/2025 19:26
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Do you think?
