Squawk on the Street Trump Ramps Up Tariffs, TikTok Deal, the Fed's Preferred Inflation Gauge 9/26/25
Sep 26, 2025
The hosts dive into the latest tariff announcements and their immediate impact on retail and industrial stocks. TikTok's potential divestiture is explored, along with China's cautious response to export controls. A discussion on PCE inflation sheds light on market reactions and the Fed's perspective. The significant AI investment debate highlights concerns over spending returns. Cramer shares insights on Costco's long-term value and Boeing's renewed certification authority. The episode wraps with Amazon's FTC settlement and market performance highlights.
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Tariff Push Adds Corporate Uncertainty
- The administration announced new tariffs across pharmaceuticals, trucks, and home goods citing national security, creating fresh policy uncertainty for corporations.
- Market participants must factor in complex exemptions and shifting rules when assessing supply-chain and investment plans.
Tariff Details And Farm Relief Proposal
- Eamon Javers reported tariffs include a 100% levy on branded pharmaceuticals and a 25% tariff on heavy trucks starting Oct 1, with carve-outs for plants already under construction.
- The administration also proposed transferring some tariff proceeds to farmers, though implementation likely needs congressional approval.
TikTok Deal Structure And Revenue Backflow
- The announced TikTok USA structure values the new entity at about $14 billion and includes Oracle, Silver Lake and MGX as major investors while ByteDance retains a 19.9% stake.
- Crucially, 20% of TikTok US revenues will flow back to ByteDance with no cost, altering effective economics for new owners.
