Bloomberg Surveillance Bloomberg Surveillance TV: February 11, 2025
Feb 11, 2025
Saira Malik, CIO and Head of Equities & Fixed Income at Nuveen, shares her insights on current market trends and investment strategies. She discusses the impact of tariffs on the automotive industry and their ripple effects on inflation and corporate profits. Malik highlights the recent equity bull run and evaluates the intricate dance of market reactions to trade policy and economic forecasts. Tune in for valuable perspectives on navigating these turbulent times and opportunities within small-cap companies.
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Tariff Backdoor
- The Biden administration was concerned about Chinese steel entering the US via Mexico and Canada.
- Trump's tariffs aim to address this "backdoor" issue.
Reciprocal Tariffs
- Reciprocal tariffs from other countries are expected in response to Trump's steel and aluminum tariffs.
- The administration aims for tariff parity, suggesting other countries could avoid them by matching US rates.
Tariff Negotiations
- It's uncertain which country will be first to lower tariffs to match the US.
- There's concern Trump might not honor agreements, making countries hesitant.