00:00 Speaker A
President Trump speaking after holding a bilateral meeting with Israeli Prime Minister Benjamin Netanyahu addressing the increased China tariffs.
00:08 Donald Trump
They put a 34% tariff on above what their ridiculous tariffs were already. And I said, if that tariff isn’t removed by tomorrow at 12 o’clock, we’re putting a 50% tariff on above the tariffs that we put on.
00:25 Speaker A
We have these comments from President Trump, um, and it doesn’t feel like things are that much clearer here.
00:34 Speaker B
No, they’re not. And I think we’re going to continue to get that that lack of clarity because again, he says it, he doesn’t say it. Somebody else says it, then he denies it. And then, you know, he floats the idea that maybe. And so the markets continue to try to respond to every headline, but at some point the markets just going to stand back and say, you know what, it’s going to sell, sell, sell until we get some clarity. Now, I don’t want to see that happen, but at some point, people will get, investors get frustrated with the lack of direction.
01:05 Speaker A
Yeah. I mean, it doesn’t seem like that direction and clarity is coming remotely soon.
01:17 Speaker B
It it doesn’t feel like it, but you know, it’s funny because look at how the markets reacting today. What I thought was, what we all thought was going to be another really negative day today, has not turned out to be that bad. Well, we may end up down a little bit. It’s not going to be down the five or six percent that we saw the Asian markets and the European markets, right? So there’s a little bit of relief from that. Uh, and I think it’s giving people the sense that, you know, this the the sellers are getting exhausted. While that doesn’t mean that prices are going to go straight up, it just might mean that we’ve we’ve kind of hit a level where it’s it’s okay for now until it gets more clarity, whether it’s through earning season, whether it’s through the next Fed meeting.