Part 4/6:
A significant part of the discussion focused on the ongoing implications of tariffs. As negotiations continue, many countries are looking to establish favorable trade agreements. The advisor called for the removal of tariffs to encourage healthier trade relationships, using countries like Vietnam and Israel as examples of potential partners in this endeavor. He pointed out that tariffs, particularly high rates, could deter investment and complicate trade, negatively impacting the U.S. economy.
O’Leary echoed these sentiments, discussing how current tariffs could lead to inflation and economic slowdowns, which would not bode well for stock performance. However, he maintained that the chaotic negotiating style of the Trump administration could produce advantageous outcomes.