"However, are 30% tariffs on Chinese goods really a cause for celebration? That amount has got to be disruptive for a lot of businesses on both sides of the pond. It's a ~50% increase over the 19.3% tariffs that were in place under Biden.

With large disruptions all over the country also occurring due to cuts to government staff and services, I feel like we're still on a runway toward a recession. Am I reading it wrong?"
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I have the exact same questions. How are tariffs not inflationary ? Per all of the stories during the run up to the election last November, a not-insignificant swath of Americans were
bemoaning how inflation was killing them. 30% tariffs make that worse, not better. Trump
was elected on his promise to bring prices down, but 30% tariffs sure are not going to
do that.

As far as the Market, does the adage " the market hates uncertainty " still apply ? Because the tariffs with all nations targeted by Trump are on less than 90 days pause, are they not ? I totally get that Wall Street thinks this is just Trump being Trump, but the uncertainty sure has not gone away. I am 2/3 short term fixed income, still have 1/3 in stocks ( approximately ). I am not in any hurry to get my stock allocation back up. If I miss out on gains, oh well, am doing just fine as is, at least for a few years. I am well aware of how inflation ravages a retiree's buying power, so I had always planned on being in stocks with 5-7 years of IRA withdrawals in fixed income. I'll get back to that, but I need to see proof that Trump can be reined in. Congress sure isn't showing any resistance to him.