Definitely okay with organizing global condemnation against China and encouraging companies to diversify the supply chain more and spread the wealth etc.
But give the tariffs a rest until we've half-way recovered from this mess. We had a much stronger economy back then when we had the trade war.
https://www.marketwatch.com/story/do...?mod=home-page
Quote:
Analysts said it was the guidance — or lack thereof in the case of Apple — that appeared to unsettle investors. Apple reported that profits slipped slightly but sales grew amid the spread of COVID-19, while promising investors billions more in stock repurchases and dividends, but declined to provide an outlook. Shares of Dow component Apple Inc. AAPL, -1.61% closed 1.6% lower Friday.
Shares of Amazon.com Inc. AMZN, -7.59%. , the second-largest company by market capitalization in the S&P 500, ended the session down 7.6% after it said late Thursday it topped $75 billion in sales in the first quarter as COVID-19 swept across the globe, but profit declined and the company said it might lose money in the current period as it spends to keep up with demand.
Both Apple and Amazon are among the companies that led the S&P 500 index’s comeback from the March 23 lows and were two of the best performers in April. Amazon rallied nearly 27% in April while Apple jumped 15%.
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Meanwhile, global equities were pressured after President Donald Trump indicated he may consider imposing import tariffs on China.
The Washington Post on Thursday reported that U.S. officials are beginning to explore proposals for punishing China for its handling of the pandemic, including punitive import tariffs, adding to bearish sentiment on Wall Street.
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