Squawk on the Street
SOTS 2nd Hour: Trump’s Tariff Sell-off: Key Laggards & How To Trade it – Plus: Former Treasury Sec. Steven Mnuchin 4/3/25
Apr 3, 2025
Steven Mnuchin, the former U.S. Treasury Secretary and founder of Liberty Strategic Capital, joins the discussion amid a tumultuous market fallout from President Trump’s tariffs. He shares insights on the economic implications of these high tariffs, particularly affecting trade with China and the EU. The group examines the erasure of nearly a trillion dollars in market value, critiques the simplistic tariff calculations, and discusses crucial sectors like retail and auto facing significant challenges. They also touch on trade negotiations and the complexities surrounding TikTok's ownership.
52:03
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Quick takeaways
- The recent announcement of tariffs has led to a significant sell-off in the markets, particularly impacting tech and retail stocks.
- Former Treasury Secretary Steve Mnuchin discussed the potential long-term implications of Trump's tariff strategies on U.S. trade relations.
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