They’re Calling To Make Deals
The stock market appears to have weathered the worst of the downturn traceable to the tariffs, as have gold and silver prices, as well as cryptocurrences. But on the flip side, more than 60 countries have contacted the United States, seeking to cut new tariff deals.
We won’t know the full results until negotiations with those nations occur. But if more equitable tariff deals get established, we could well see a major economic boon. Instead of factories disappearing, they could return across the United States, bringing new and higher-paying jobs for middle-class workers. So this could be a case of short-term pain leading to long-term gain! The best advice: Stay the course!
The only wrinkle to date: Communist China announced it is restricting the export of seven rare earth metals used in high-tech manufacturing, mostly in electronics and military gear. These metals include samarium, terbium and lutetium. Beijing had already imposed export restrictions on other critical minerals like gallium and graphite. So while we might not see a global trade war, there could well be some heated friction with China. President Donald Trump immediately raised the Chinese tariffs by 50 percent. Here’s more from And We Know.
