I’ve got to imagine that a lot of these countries are not going to like the tariffs that go into effect tonight at midnight, and they are going to want to negotiate,
THE OPERATION IS OVER! THE PATIENT LIVED, AND IS HEALING,
They’ve got the broad, overarching theme down of what they’re trying to say with reorienting the economy,
I am not part of the negotiations, so we will see,
The tariffs give us great power to negotiate. Always have,
You've got to grow,
When I win, I will immediately bring prices down, starting on day one,
Donald Trump views everything as a negotiation, right?”
If they make things better, they should want more. If it makes things worse, they should want to recalibrate,
Higher tariffs will likely cause 3% to 5% more inflation over the next year and a half than the U.S. would have had without them,
We would expect tariffs to be reduced from the levels announced by the President,
A recession over the next 12 months looks more likely than it looked at the start of the year, but we still think the economy will most likely expand in 2025, and 2026 in particular, because it looks likely that the administration will use tax revenues from tariffs to partially fund broader tax cuts that will come into effect next year,
I don't think there's any chance,
In a weakening economy in general, consumers are going to be very sensitive to price changes,
This trade war is not an incentive to come back to the United States,
Companies will look to other countries
It should be China, maybe, or something, but this is just on everyone, and it’s not even about reciprocal trade, right
We are not making immediate changes to our forecasts and want to see the initial implementation and negotiation process that takes hold. However, we view the full implementation of announced policies as a substantial macroeconomic shock not currently incorporated in our forecasts,
I hope that we can work towards leveling the playing field,
I think it’s a good first step for us.”