Bloomberg Tech Trump Proposes More Tariffs, Musk's X Looks To $44B Valuation
Feb 19, 2025
Martin Norton, Chief Investment Strategist at Empower, shares insights on the market's reaction to President Trump's proposed tariffs on autos and tech. He discusses how these tariffs could impact investor sentiment and the tech landscape. Meanwhile, Andrei Haddad, CEO of Turo, reveals why the company decided to postpone its IPO and addresses ongoing safety concerns. The conversation delves into the challenges facing U.S. tech investments amid geopolitical tensions, along with the rise of AI in trading and emerging startups.
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Trump's Tariff Plans
- President Trump plans to impose 25% tariffs on autos, chips, and pharmaceuticals.
- This comes alongside existing and planned tariffs on various imports.
New Tariffs on Autos, Chips, and Pharmaceuticals
- President Trump plans to introduce new tariffs on autos, chips, and pharmaceuticals by April 2nd.
- These would be in addition to existing tariffs and proposed levies on goods from China, Canada, and Mexico.
Market's Misinterpretation of Tariffs
- Markets view Trump's tariffs as negotiating tactics, overlooking their potential as federal revenue and tools for domestic manufacturing.
- This missing calculus could impact market performance.