Evan Ryan

Breaking: Wall Street execs who have been dealing with The White House and President Trump himself say they are being told the goal of the new tariff regime will be to cut reciprocal deals to lower tariffs w trading partners. Still they have cautioned the White House that the short term economic signals are not good; business spending is grinding to halt and price elevation on goods is already happening as markets price in how trade partners react and before deals can be cut. They are warning about stagflation and that markets will remain extremely volatile. That said, if these trade deals can be reached and both sides begin lowering not just tariffs but trade barriers the effect will be a long term positive for markets and the economy. They told the White Hiuse that getting there will be extremely messy and it will represent the biggest political challenge of his presidency, making the DOGE contretemps look like a walk in the part. At the same time my sources say the trade dealings with China will heavily involve two interesting and additional variables: @tiktok_us and the @BlackRock deal to buy the ports from the China based CK Hutchison. Trump needs Xi’s buy in for both and he will be willing to play ball on China tariffs to do so, I am told by these people. As of now, what’s still unclear is size of how tariffs Trump will unveil (anywhere from 15 per to 25 per) but the workaround is key and I am told there will be workarounds. One problem the White House has and this is key: The tariffs could really crush his base ie farmers and the sale of US nat gas. We are going to get short term inflation and an economic slowdown, Wall Street execs are telling the White House that could appear in second quarter numbers. Story developing