What Trump's negotiation tactics mean for investors

The Street

In the latest episode of TheStreet's Stocks & Markets Podcast, TheStreet Pro's Chris Versace is joined by  Peter Tchir, head of macro strategy at Academy Securities to discuss what Iran, Israel, tariffs, the Fed and many more catalysts mean for Wall Street in the weeks ahead.

Transcript

00:00Trump likes to do things personally, right? He likes to walk into a room, shake someone's hand

00:03and come out with quote unquote a deal. And we can agree whether they disagree, whether the deals

00:07are good or not. That's how he likes to do it. He hated Trudeau. I don't think he hates Carney. So

00:13that's been an improvement. One of the things we're seeing to the Canada US tariffs and Mexico

00:19as well are much less impactful than we would have thought. Because one of the things is the

00:24USMCA compliance is allowing companies that had not yet, you can actually go through a process to

00:30get your products labeled USMCA compliant. A lot had not bothered to do that because it was expensive

00:37and there was no added benefit from that. Now with the tariffs, you're actually seeing a lot of

00:41companies go through that, get the approvals. So the effective tariff rates actually quite manageable,

00:45I think right now, you know, energy was 10%. So you're seeing that move away. I think Europe

00:51unfortunately is going to bear the brunt of any remaining kind of anger. And part of that's

00:55because it doesn't suit Trump style, right? There's no one to go into Europe and say, okay,

00:59what's the deal, right? Individual countries barely have the say and the head of the EU,

01:04who knows what they're, are they even a figure? So I feel the EU is probably where we might get

01:09some risks, but I think this moves on. We've kicked the can down the road. We get these extensions.

01:14I think markets can live with that.

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