- Expect we will be negotiating with China in person again
- There is a Laffer Curve for tariffs
- A lot of these non-tariff barriers are coming down
- We don’t know where
- Sees ‘several hundred billion’ per year in tariff revenue
- my sense is that int he next several weeks we will have several large deals announced
- Repeats that the EU has a collective-action problem
- The German finance minister was very responsive
- I think Merz will provide an opportunity for a US-German reset
- All yields are up since the start of the year
- The market could also be thinking the Congressional yield could create growth
- Says he’s not concerned about USD weakening alongside higher yields
- Other currencies are strengthening, rather than USD weakening
I don’t see much to get excited about here. If anything, the comments about a US-Germany reset are positive.
This article was written by Adam Button at www.forexlive.com.
