Evercore's Haines Says Trade Policy May Increase Volatility

The transcript discusses President Trump's proposed steel and aluminum tariffs, which could reach up to 24%. It highlights the market's reaction, particularly in Asia, and the strategic approach the administration might take. Instead of broad tariffs, a more targeted, surgical approach is suggested, focusing on national security concerns. The discussion includes insights from Commerce Secretary Ross and mentions the influence of free trade advocates within the administration and Congress.

What is the proposed percentage for the steel and aluminum tariffs mentioned in the video?

• 15%

• 30%

• 24%

• 10%

Who released the recommendations that President Trump received regarding tariffs?

• Commerce Secretary Ross

• Defense Secretary

• Secretary of State

• Treasury Secretary

What approach is the administration likely to take regarding the tariffs?

• Implementing broad tariffs

• Immediate full implementation

• Ignoring the recommendations

• A more surgical approach

What is the primary focus of the 'surgical' tariffs discussed in the video?

• Increasing import taxes

• National security concerns

• Reducing domestic production

• Boosting exports

What is the goal of maintaining domestic production capacity for steel and aluminum?

• To increase exports

• To eliminate imports

• To reduce costs

• To ensure national security