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David Woo: Trade War Will Be Back In July — Stocks Are Tariff-Doomed!

Jun 26, 2025
In this engaging discussion, David Woo, CEO of David Woo Unbound and a seasoned economist, dives into the troubling ramifications of a revived tariff war led by Trump and the potential chaos it spells for the stock market. He warns that higher tariffs could severely dent corporate profits while bonds emerge as a safer investment. Woo also critiques the AI bubble and suggests that retail traders are fueling a mispriced market. With geopolitical tensions at play, he raises alarms about the U.S. economy's vulnerabilities to shifting global dynamics.
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INSIGHT

Tariffs Doom Stock Fundamentals

  • Trump's tariff policy will inevitably impact consumers unless savings drop drastically, which is unlikely.
  • This makes U.S. stock market fundamentals weak and unattractive for bullish bets.
INSIGHT

India & Japan: Trade Deal Litmus Test

  • India and Japan are key to Trump's trade deal success but neither has sealed a deal yet.
  • Their hesitation signals that successful broader trade negotiations under Trump are unlikely before July 9.
INSIGHT

Tariffs Likely To Hurt Stocks

  • Markets wrongly assume tariffs will boost inflation without harming growth.
  • Consumer credit constraints and rising debt defaults suggest businesses will absorb costs, hurting earnings and stocks.
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