The Trade Guys

Trump's Cabinet, Vietnam in the Crosshairs, and Chinese Retaliation

12 snips
Nov 25, 2024
The discussion dives into potential trade-relevant cabinet nominees and their impacts on upcoming policies. Vietnam emerges as a focal point for scrutiny, with concerns about currency manipulation amid trade deficits with the U.S. Proposed tariffs on Chinese goods are examined, revealing a shift in manufacturing to Southeast Asia. The dialogue also touches on China's recent export restrictions of critical minerals and the broader implications for the global economy. It's a whirlwind of trade dynamics reflecting ongoing geopolitical tensions.
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INSIGHT

Focus on Investment

  • Trump's Commerce pick, Howard Lutnick, signals a focus on making America investable again.
  • Other potential nominees like Doug Burgum and Chris Wright reinforce this investment-focused approach.
ANECDOTE

Lutnick's 9/11 Experience

  • Howard Lutnick, CEO of Cantor Fitzgerald, is President-elect Trump's pick for Commerce Secretary.
  • Lutnick, a longtime advisor to Trump, narrowly escaped 9/11 due to a personal commitment.
INSIGHT

The Fish Surprise

  • The Commerce Secretary position involves a surprising amount of focus on NOAA and fisheries.
  • This often catches appointees off guard, especially during confirmation.
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