Unusual Whales Unusual Whales Pod Ep. 60: Tariff Developments and Potential Trade Deals sponsored by ETFs
May 1, 2025
Yuri Khodjamirian, CIO of Tema ETFs, leads a dynamic panel that includes economist Adam Ozimek and research expert Marko Bjegovic. They dive into the shifting landscape of tariffs and their impact on the U.S. economy. Topics include the push for reshoring as companies respond to economic uncertainty, the effects of tariffs on supply chains, and the negotiation challenges between the U.S. and China. The discussion highlights how these factors are reshaping consumer behavior and the future of domestic manufacturing amid rising inflation.
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Tariff Uncertainty Pauses Investments
- Tariff uncertainty causes companies to pause investments, leading to short-term economic slowdown.
- Medium-term manufacturing reshoring efforts can boost economic activity but take time to materialize.
Consumer Resilience Amid Slowdown
- Consumer spending slowdown in Q1 2025 was better than expected despite fears.
- Companies are cautious but have not yet seen significant consumer demand decline.
Supply Chain Impact Signals Start
- Container bookings from China to US fell nearly 45%, signaling early tariff impacts on supply chains.
- This drop is a precursor to impacts on inventories, prices, and employment in the US economy.