Wall Street Breakfast How Trump can bring back tariffs
May 29, 2025
Goldman Sachs reveals four legal pathways for the White House to impose tariffs after a recent trade ruling. Discussion centers on new U.S. tariff strategies and their potential economic impact. The podcast also tackles disappointing earnings from HP and Starbucks, linking labor investments to profit forecasts. Plus, insights into mixed results from Sentinel-1 and strategies for navigating uncertainty in treasury bonds keep listeners informed on market trends.
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Four Legal Paths for Tariffs
- Goldman Sachs outlines four legal paths for the White House to implement tariffs after a trade court ruling overturned previous measures.
- These include Section 122 for quick tariffs, Section 301 for investigations, Section 232 for national security, and Section 338 for discrimination cases.
Economy Shows Resilience
- The U.S. economy showed resilience with a smaller-than-expected Q1 GDP contraction revised to -0.2%.
- The Fed may consider rate cuts later in 2025 depending on trade negotiation outcomes.
HP Earnings Disappoint Market
- HP's earnings and guidance fell short, causing its stock to tumble.
- The company forecasted Q3 EPS well below analyst expectations, signaling challenges ahead.