Ignore the market's embrace of the US/China 90-day de-escalation of the tariff war and the recent announcement of the US/UK trade deal. These are little more than window dressing of what will soon become apparent as a severe misstep by the US administration on tariffs. Damage has already been inflicted on the US economy, which will continue to be plagued by uncertainty of the new 90-day negotiating period with China. What business looks for is a stable operating environment and the US economy has had anything but since Trump took office.
