Trump Tariffs 1.0 & 2.0

The new tariffs likely under Trump 2.0 could be means to great ends for the US by increasing the US’s trade negotiating leverage—or they could backfire and cause a trade war that curtails global economic growth, which is not our expectation. Eric explains the opportunities and risks. … Also: Melissa reviews the US’s tariff-related developments under the Trump 1.0 and Biden administrations and discusses Trump’s plans for Mexico. … And: Joe assesses how S&P 500 companies fared last quarter in aggregate and by sector. It was another quarter for the record books, he reports, and Q4 looks poised to continue the momentum.