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TRUMP TO MOVE FAST ON TARIFFS, SAYS WALL STREET FIRM, CITING CLIENTS WHO MET
WITH EX-TRADE CHIEF

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tháng 10 12, 2024
 * Former U.S. Trade Representative Robert Lighthizer is apparently telling Wall
   Street money managers that if the Republican presidential nominee is
   reelected, he could start implementing his sweeping tariff proposals quickly
   after taking office, according to policy analysts at Piper Sandler.
 * Trump claims his sweeping tariffs will rake in enough money to pay for an
   array of major tax cuts and other intitiatives.
 * Lighthizer is seen as a top prospect for a number of senior roles in a
   potential second Trump administration.

In this article

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Follow your favorite stocksCREATE FREE ACCOUNT
Robert Lighthizer, former US trade representative, speaks during an event with
former US President Donald Trump, not pictured, at Precision Components Group in
York, Pennsylvania, US, on Monday, Aug. 19, 2024. 
Graeme Sloan | Bloomberg | Getty Images

Donald Trump’s longtime trade adviser is apparently telling Wall Street money
managers that if the Republican presidential nominee is reelected, he could
start implementing his sweeping tariff proposals quickly after taking
office, according to policy analysts at Piper Sandler.

“We’ve heard from a number of clients that Trump’s former US Trade
Representative, Robert Lighthizer, has been meeting with investor groups and
telling them that Trump could announce 60% Chinese tariffs and 10%
across-the-board tariffs shortly after taking office,” wrote the trio of
research analysts at the investment bank in a note Friday.



Asked about the note, Trump campaign press secretary Karoline Leavitt did not
deny that Lighthizer has been meeting with investors. But she cautioned, “No
policy should be deemed official unless it comes from President Trump directly.”

It was not immediately clear which groups have spoken with Lighthizer, and the
Piper Sandler analysts did not reply to a request from CNBC for more
details. But clients of the firm would likely be large asset management firms
that pay for its stock and economic research.

Lighthizer is advising Trump’s presidential campaign on economic issues,
according to Inside U.S. Trade.

A key player in crafting and enacting Trump’s first-term trade policies,
Lighthizer is also seen as a top prospect for a number of senior posts in a
potential Trump Cabinet, including commerce secretary and treasury secretary.

He currently serves as chair of the Center for American Trade at the
Trump-aligned Washington think tank, America First Policy Institute. A
spokesperson for AFPI did not reply to a request for comment. Lighthizer is also
a director of Trump Media, the publicly traded social media company that is
majority owned by the former president.



Lighthizer’s reported conversations, and his apparent influence with Trump, both
underscore how central tariffs are to carrying out Trump’s overall economic
vision.

Numerous economists and tax experts have warned that Trump’s expansive tariff
plans will raise prices, lower U.S. gross domestic product and hurt employment
in key industries.

Democratic presidential nominee Kamala Harris has repeatedly cited a progressive
group’s analysis that Trump’s tariffs could equate to a nearly $4,000 tax
increase for the average U.S. family.

The Trump campaign stressed to CNBC that Trump’s tariff ideas should be viewed
in concert with his broader plans, which include slashing regulations, ramping
up U.S. oil drilling and deporting millions of undocumented immigrants.

Republican National Committee spokeswoman Anna Kelly also noted that Harris and
President Joe Biden have maintained, and in some cases boosted, many of the
tariffs from Trump’s first term in office.

“Harris has always opposed tariffs because she can’t be trusted to put workers
first, but President Trump will re-shore American jobs, keep inflation low, and
raise real wages by lowering taxes, cutting regulations, and unshackling
American energy,” Kelly told CNBC in a statement.


‘FLOOD THE ZONE’

Republican presidential nominee, former U.S. President Donald Trump, speaks at
the Detroit Economic Club on October 10, 2024 in Detroit, Michigan. 
Bill Pugliano | Getty Images

The Piper Sandler analysts in Friday’s note relayed their information about
Lighthizer as they warned investors to take seriously Trump’s promises to hike
tariffs to historic levels.

“We expect the tariffs to come quicker in a second Trump term than the first,”
they wrote.

Trump “has the will and the way to follow through on his commitment to impose
60% tariffs on Chinese imports.”

The analysts wrote that it would not be surprising if Trump were to try to enact
a broad 10% tariff by force, even though such an effort would likely be tangled
up in court battles over his authority to do so.

If that happens, they wrote, Trump could “flood the zone” with even more
targeted tariffs.

Those narrower tariffs could be focused on countries with whom the U.S. has
large trade deficits, or on selected industries like the auto industry, where
Trump has vowed to protect U.S. companies.

The analysts added, “There is little doubt Trump would use the threat of higher
tariffs as leverage to win concessions on unrelated issues.”

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BÀI ĐĂNG PHỔ BIẾN TỪ BLOG NÀY


WHITE HOUSE PREPARES FOR TAIWAN PRESIDENTIAL ELECTIONS AND ‘PERIOD OF HIGHER
TENSION’

tháng 1 11, 2024
  U.S. President Joe Biden and Chinese President Xi Jinping before a meeting
during the Asia-Pacific Economic Cooperation leaders’ week in Woodside,
California, Nov. 15, 2023. Brendan Smialowski | Afp | Getty Images The  Biden
 administration doubled down on its support for Taiwan’s democratic process
ahead of a presidential election on the island that will serve as a bellwether
of mainland China’s creeping influence over  Taiwan , which China claims as its
territory. A senior Chinese liaison to Taiwan  warned  recently that Saturday’s
 election  would be a choice between “peace and war.” Beijing has also cautioned
Washington not to get involved. The election results will have ripple effects on
geopolitics and global trade. Depending on the outcome, they could also trigger
an increase in Chinese military activity in and around the island. The White
House is preparing for several different outcomes. “Anytime we’re heading into a
period of higher tension, there are of course always conti
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WORLD SHATTERS HEAT RECORD FOR THE SECOND TIME IN JUST TWO DAYS

tháng 7 24, 2024
  A worker, called ‘torchers’, works in a charcoal production during scorching
heat exceeding 40 degrees Celsius in Diyarbakir, Turkiye on July 18, 2024.
Anadolu | Anadolu | Getty Images The world registered its hottest day on record
for the second time in just two days, according to the  latest data  compiled by
the European Union’s climate monitor. The EU’s Copernicus Climate Change Service
(C3S) said on Wednesday that the global average surface temperature climbed to
17.15 degrees Celsius (62.87 degrees Fahrenheit) on Monday — eclipsing the
previous record of 17.09 degrees Celsius,  which had been set on Sunday . C3S,
which has been tracking the daily global mean temperature since 1940, said
Sunday’s record had already shown “we are now in truly uncharted territory.” The
EU’s climate monitor has warned that new temperature records are inevitable as
the planet keeps warming. Scientists have  repeatedly  called for urgent and
rapid reductions in greenhouse gas emissions to stop global
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EUROPE BRACES FOR YET ANOTHER HEATWAVE AS GREEK PM WARNS ‘HARD TIMES ARE CLEARLY
NOT OVER YET’

tháng 7 21, 2023
  Atop the Acropolis ancient hill, tourists visit the Parthenon temple during a
heat wave on July 20, 2023 in Athens, Greece. The Acropolis of Athens and other
archaeological sites in Greece announced reduced opening hours due to the
heatwave conditions. Milos Bicanski | Getty Images News | Getty Images Europe is
set for another heatwave in the coming days, pushing temperatures back toward
record levels as an oppressive “heat dome” expands over the southern half of the
continent. It comes shortly after the planet  registered  its hottest day since
records began for the third time in just four days earlier this month. The U.S.
and China also saw temperatures climb above 50 degrees Celsius (122 Fahrenheit)
in recent days. The scorching heat hitting hundreds of millions of people across
the globe is fueled by the climate emergency. Scientists say the recent spate of
heat records reaffirms the increasing urgency to slash greenhouse gas emissions
as quickly and as deeply as possible. An int
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