“But the stock market has concluded that maybe the US economy is resilient enough to withstand all the volatility and uncertainty that is coming out of Washington on tariffs. And maybe the same thing seems to apply to the to the global economy,” says Ed Yardeni, Yardeni Research.
What are you making of the speculation that the street has right now with the US-EU deal? The number is being pegged at 15%. What could that look like?
Ed Yardeni: Yes, it very much looks as though the President Trump is aiming now at a 15% base tariff. For a while there it looked like he was satisfied with 10% and then would negotiate whether there would be any additional tariffs depending on the conditions that were open or close to American goods in various countries. But now it looks like he wants 15%.
The reason for that is he needs it to help raise revenues to help to reduce the federal deficit. At the…
