Bloomberg Daybreak: Asia Edition Trump Tariffs Impact on Market Psychology
Jul 11, 2025
In this discussion, Keith Buchanan, a Senior Portfolio Manager at Globalt Investments, and Nadia Grant, Head of Global Equity at BNP Paribas Asset Management, unpack the impact of U.S. tariffs on market sentiment. They highlight how investors are shifting focus from inflation fears to upcoming corporate earnings. The conversation dives into the potential repercussions for companies like Delta Airlines and the broader effect on exporters in Asia. Additionally, they explore the evolving landscape of cryptocurrency against equities and the optimistic prospects for European markets.
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Tariffs as Economic Toll
- Tariffs act like a toll that someone must pay, affecting importers, corporations, or consumers.
- The real economic impact of tariffs is still emerging and crucial to understand this earnings season.
Fed and Corporations Wait on Tariffs
- The Fed and corporations are waiting to see how tariff impacts unfold in earnings and cash flow.
- Immediate effects are masked by corporate strategies but could become clear in coming months.
Universal Tariff Exposure Unclear
- All companies face tariff exposure to varying degrees depending on industry and administrative approaches.
- It is premature to conclude the full impact on earnings until after this earnings season.