George Robertson
@BickerinBrattle
Published: March 21, 2025
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In regards to equity market only one tariff matters and that is the one for Canada. That tariff is like trying to put a tariff up against California, not only but a good idea but in many ways can't be done.
Furthermore using IEEPA to justify overriding a Senate mandated USMCA trade pact is unconstitutional so is almost certain to end in court.
The tariff against Canada is a keystone Trump policy success and that it is likely this tariff will not end up as reality will pretty well make Trump a lame duck or better yet, a dead duck.
Why I am short USDCAD with tight stops the net being we see a surprise drop in USDCAD to will under 1.4