CNBC's "Fast Money" How Markets Are Reacting to the Tariff Announcements, and Who Could Buy TikTok 4/2/25
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Apr 2, 2025 Megan Casella, a reporter covering live updates from the White House, and Steve Leisman, a CNBC contributor known for his economic insights, dive into the complexities of President Trump's recent tariff announcements. They discuss the immediate impacts on the economy and various sectors, including autos and pharmaceuticals. As stock markets react sharply, they highlight the mixed feelings among investors and potential shifts in manufacturing strategies. The conversation also touches on ongoing bids for TikTok, notably from Amazon, as the divestiture deadline approaches.
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Tariff Impact
- President Trump announced new tariffs, impacting various countries and sectors.
- These include a 10% baseline tariff on almost all countries and higher reciprocal tariffs on about 60 others.
Tariff Implications
- The baseline 10% tariff likely aims to prevent tariff shopping by companies.
- This broad tariff may be part of a larger negotiation strategy.
Economic Impact and Fed Response
- Economists predict these tariffs could lead to lower growth and higher inflation, challenging the Federal Reserve.
- The market anticipates potential Fed rate cuts due to economic weakness, but inflation remains a concern.