Fast Politics with Molly Jong-Fast Dan Nathan, Jon Allen & Amie Parnes
Apr 9, 2025
Dan Nathan, a CNBC contributor and co-host of Risk Reversal, discusses the business world's mixed reactions to Trump's tariffs and how they impact market volatility. Jon Allen, a senior national political reporter at NBC and co-author of the book 'Fight', sheds light on the political turbulence in the White House and the fierce rivalry between Joe Biden and Donald Trump. The conversation dives into the complex dynamics of election strategies, internal party struggles, and the implications of ongoing trade tensions in a chaotic political landscape.
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Market Uncertainty
- The White House lacks clarity and guidance on tariff policy, creating uncertainty in the markets.
- This uncertainty, coupled with recession fears, leads to stock market declines as investors discount future earnings.
Calming the Markets
- Pushing out tariffs and allowing bilateral talks could calm markets.
- Clear communication about the end game is crucial for market stability.
Backwards Approach
- Trump's approach to tariffs seems backwards, alienating allies instead of uniting against China.
- This weakens the US position and emboldens China.
