“President Trump on Wednesday abruptly reversed course on steep global tariffs that have roiled markets, upset members of his own party and raised fears of a recession. Just hours after he put punishing levies into place on nearly 60 countries, the president said he would pause them for 90 days.” — New York Times, 4/9/25
Folks, I’m thrilled to announce that the gamble paid off. Nobody believed we could do it, but here we are. The plan worked—stocks are skyrocketing back to less than they were before.
You’ve probably seen the numbers by now, and they’re incredible numbers. An absolutely fantastic set of numbers. In fact, these numbers are nearly halfway to the numbers we had before we tried any of this.
Now, a lot of people are saying we did a whole lot of damage for nothing. But you know what? That couldn’t be further from the truth. On the contrary, we’re pretty confident that this is the smartest thing anyone’s ever done. We undid so much damage that, as of today, we’re only mostly damaged.
