Before the markets closed today, Trump signed steel and aluminum import tariff proclamations. Art Hogan is the Chief Market Strategist for B. Riley FBR and Wunderlich Securities. He joins to give his reaction to the new tariffs.
Hogan said markets have been reacting since President Trump announced the possibility of tariffs. For many investors, Hogan said the tariffs felt rushed to market, and that drew a lot of concern regarding potential trade and tariff wars.
When it comes to the new tariffs, Mexico and Canada are indefinitely exempt. These two countries represent a large portion of American trade. The tariff also includes a window of 15 days before it goes into effect. This gives other countries the opportunity to negotiate and manage the tariffs.
Hogan says the best scenario would be no tariffs, but this is is a better tariff than initially expected.
Susan Bourgeois, Louisiana Economic Development Secretary, talks preparations for Super Bowl LIX, plus Meta’s $10B data center coming soon to North Louisiana.
Triller CEO, Sean Kim, joins Cheddar to discuss how content creators are looking for alternatives in the U.S. as TikTok's future hangs in the balance. Watch!
Uncle Nearest CEO Fawn Weaver joins Cheddar to talk alcohol warning labels, the future of the alcohol business and why she thinks DEI has a PR problem. Watch!
