The David Lin Report Drug Shortage Coming? New 200% Drug Tariffs, 50% Copper Tariffs Shock The World
Jul 10, 2025
The podcast dives into the economic impact of new tariffs, revealing a shocking 200% increase on drugs and a 50% rise on copper. The discussion highlights how these tariffs affect corporate credit and the global supply chain, especially with Vietnam's growing manufacturing influence. Despite these challenges, a rise in mortgage applications suggests a surprising resilience in the housing market. Additionally, the episode touches on employment disparities and contrasting Federal Reserve perspectives on inflation and interest rates.
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NVIDIA's AI Market Dominance
- NVIDIA became the world's first $4 trillion company, driving the Nasdaq's 90% surge since late 2022.
- Its AI leadership accounts for 7.5% of the S&P 500's total value, showing tech dominance amid uncertainty.
Tariffs Shake Global Supply Chains
- New tariffs impose 50% on copper and up to 200% on pharmaceuticals, pressuring supply chains.
- These measures are durable under diverse legal authorities, complicating trade negotiations.
Mortgage Market Caution Advised
- Buyers should watch mortgage rates, as declines are unlikely until possibly the end of the year.
- Prepare for sluggish housing market conditions despite recent purchase application surges.