Squawk Pod A Tariff Tally & Blackstone’s Former President Tony James 2/27/25
Feb 27, 2025
Eamon Javers, a CNBC reporter, provides insights on the impending tariffs from the White House regarding Mexico and Canada. He highlights the economic uncertainties impacting various industries. Tony James, former COO of Blackstone and now Chairman of Costco, shares his views on the U.S. economy's slowdown and Costco's steadfast commitment to equity amid DEI rollbacks. The conversation also touches on Nvidia's earnings surpassing analyst expectations, a measles outbreak in Texas, and the potential implications of Elon Musk's government interactions.
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Trump's Tariff Tactics
- President Trump's tariff strategy involves leveraging deadlines and potential tariffs for negotiation.
- This approach creates uncertainty for businesses but gives Trump leverage in foreign policy.
Tariffs as Economic Tools
- Trump's tariff approach mirrors the Fed's strategy of introducing ideas to markets gradually.
- He uses tariffs as economic incentives in foreign policy, as seen with Chevron in Venezuela.
Weakening Economy
- The US economy is weakening, with concerning signs from consumers and businesses.
- Uncertainty from Washington is causing businesses to hesitate on investments and expansion.