Donald Trump has talked about imposing broad tariffs on imports from countries like China, Mexico, and the BRIC nations, but the actual rollout of these policies may look different. Instead of a sweeping approach, the speaker proposes a more focused strategy targeting China and specific European exports, implemented gradually. Mexico could potentially avoid tariffs through negotiations, while a global tariff would face significant legal and political challenges. However, if tariffs escalate more quickly or severely than expected, it could hurt economic forecasts, leading to a stronger US dollar and Treasuries at the expense of equities and credit markets.
