Latest news with #TerryHaines
Yahoo
08-07-2025
- Business
- Yahoo
What Trump is trying to achieve with his tariffs
Stocks fell on fresh worries about President Trump's tariff plans. In the video above, Pangaea Policy founder Terry Haines explains why the president is making tariff announcements and what he is hoping to achieve with his tariff plans. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. These are negotiating tactics. What Trump is trying to do, tellingly, is not impose tariffs immediately with no warning, uh, uh, April. He's trying to give, he's trying to give recalcitrant, uh, what he views as recalcitrant countries time to actually get their acts together and come in with a deal. In the perfect Trump world, uh, put together very well by Scott Bessant and Howard Lutnick, uh, in the perfect Trump world, there would be no tariffs, because what would happen is that the other country would always agree to lower its tariffs to the minimum possible and open its trade and get rid of its trade barriers to let more United States trade in. And thus, there would be no need for tariffs. This is an imperfect world, so you're going to see these fluctuations over time, but we're, we're, we're here, we're moving towards a less tariffed world than we were before. It, it's impressive, Terry, how much power and authority the president has here. You know, he, he posts these on social media, he can move markets with it. You know, just a quick civics 101 class here if you would. Where is, where is Congress in all this? Well, Congress is in the role, Congress has two roles here. Firstly, Congress passed the law that prior presidents signed to give the president the authority to do these things. So, it's, you know, it's really Congress's authority the president is exercising the authority. So, but Congress has kind of the, the, you know, kind of the power of the chain pulling, if you will. If Trump really got way far off of where Congress thought he should go on tariffs, Congress has the ability to kind of guide and grumble and suggest he ought to come back in a little bit more. And I would suggest that Congress in fact provides a lot of that subtle pressure today right now because what, what this Republican Congress wants is a continuation of trade, not a situation where trade proves to be yet one more bump in, in allied relationships at a particularly difficult geopolitical time. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
08-07-2025
- Automotive
- Yahoo
Why Elon Musk's America First party may not 'amount to much'
Tesla (TSLA) CEO Elon Musk announced that he plans to launch a new political party called the "America Party." But Pangaea Policy founder Terry Haines says that Musk only passes one of the five tests he has for a third party to be successful. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. I think Musk's uh America party isn't likely to uh amount too much for. And I'll give you I'll give you a five test and he only meets one of them. First is money. Uh, I think he's got enough. So check on that. Secondly, the brand. I mean, he's torched his brand with both the most engaged people on the left and the most engaged people on the right. That's hard to do, but this is an unusual guy. So I think the brand is probably not in good shape. Thirdly, uh does he have trust? I mean, you know, the brand's in the toilet. So I I would say not not any trust to move things forward. Uh, fourthly, does he have a plan? Uh, not so far except to provide people more freedom and uh and cut spending. So good luck with that cuz he couldn't do it when he was actually sitting next to the president. And fifthly, are there results uh available? Uh he couldn't achieve what he wanted to achieve uh the few months he was in there. So why would anybody think he could do it now? Plus, existing politicians find him radioactive. So uh on both the left and the right. So I think he's uh I I think this isn't going to amount to much, frankly.
Axios
07-07-2025
- Business
- Axios
Trade deals come and go. Can stocks rally either way?
Investors just got three extra weeks to decide if they need to care about tariffs again. But Wall Street's tariff optimism could be tested if President Trump picks tougher trade negotiation tactics over markets in the month ahead. Why it matters: How tariff negotiations unfold amid the new extension could either confirm the TACO trade, or signal that high levies are a risk investors need to account for again, which could threaten the rally that's driven stocks to fresh all-time highs. Catch up quick: Trump is now set to send letters on Monday to a dozen other countries, setting tariff rates on their imports. The letters could reaccelerate a trade war that some investors felt had begun to fizzle. His threat late Sunday night to put additional punitive tariffs on BRICS countries unsettled markets even further. Early Monday morning, S&P 500 futures were about 0.3% lower. Between the lines: Investors may be falling prey to black-and-white thinking, according to Terry Haines, founder of Pangaea Policy. "Markets want it all one way or the other, and the answer is we're kind of living in the twilight world where it's not easy," he tells Axios. Haines points to the press in India calling any tariff deals with the U.S. "phase one" deals, indicating they could change. Regardless of the back and forth for each country, some form of tariffs are likely to continue to exist. Zoom out: Tariffs matter to investors if they matter to consumers, according to data from Goldman Sachs. Companies are set to pass on 70% of the cost of levies to consumers through higher prices, according to economists at Goldman Sachs. If consumers can eat that increased cost without decreasing spending overall, that could keep corporate earnings intact. If consumers cut back on spending, which is starting to show in economic data, that could hinder corporate earnings growth, which could weigh on the broader market. Friction point: "The market is underestimating the probability that Trump imposes unilateral tariffs," David Woo, CEO of David Woo Unbound, says in a video to clients on Sunday. Woo argues it's time to "get properly short the market," as current equity levels make investors vulnerable to a negative shock, which could come from tariff policy. Bottom line: The levies Trump announced in April sent stocks to the brink of a bear market. Since then, consensus has been building around better-than-expected trade deals, or Trump flinching in the face of a bad market reaction.
Yahoo
19-06-2025
- Politics
- Yahoo
Trump Weighs Options on Iran
Tensions are still high in the Middle East with the on going conflict between Iran and Israel. President Trump said that Iran has reached out to him to discuss deescalation. Pangaea Policy Founder Terry Haines has more on the story. Sign in to access your portfolio
Bloomberg
18-06-2025
- Business
- Bloomberg
Trump Weighs Options on Iran
Bloomberg Markets TV Shows Tensions are still high in the Middle East with the on going conflict between Iran and Israel. President Trump said that Iran has reached out to him to discuss deescalation. Pangaea Policy Founder Terry Haines has more on the story. (Source: Bloomberg)
