Unhedged The real cost of a trade war
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Apr 10, 2025 The hosts dive into the chaos of trade wars and their impact on investor confidence. They discuss the burdens of tariffs on U.S. small businesses, spotlighting a comic book store owner's struggles. The complexities of sophisticated trading strategies are examined, alongside the risks they pose in volatile markets. Trust in U.S. Treasuries takes a hit as concerns about inconsistent policies grow. Lastly, they reflect on hints of change in economic policy, balancing skepticism and optimism for global trade's resilience.
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Figurines and Tariffs
- Katie Martin mentions a comic book and figurine store owner from Staten Island.
- The owner expresses existential worry for her business due to tariffs on Chinese imports.
Relative Perception of Tariffs
- Trump's reversal on tariffs makes the remaining tariffs on China seem smaller by comparison.
- This framing makes the situation appear like a win, despite the substantial tariffs.
Market Power
- The market's reaction to Trump's tariff announcements indicates its power.
- The bond market's negative response forced Trump to reconsider, proving its influence.