3 Things - China Tariffs Update
2025-04-23 11:36:00 ET
Summary
- We got a pretty interesting set of comments on Tuesday evening from Donald Trump.
- Businesses want certainty about what prices will look like. So, if the effective tariff rate is going to be 7.5% then we need to get there.
- A recession is still a legitimate risk here, and a slowdown is virtually certain at this point.
We got a pretty interesting set of comments on Tuesday evening from Donald Trump. He confirmed two very important things:
- He’s not going to fire Powell.
- He says the tariffs on China will be “come down substantially, but it won’t be zero”.
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