Bloomberg Surveillance Futures Rise as Traders Watch Earnings & Eco Data
11 snips
Feb 12, 2026 
Monica DiCenso, J.P. Morgan strategist on tech and alternatives. Brian Belski, Humilis CEO/CIO focused on small- and mid-cap rotations. Peter Navarro, longtime U.S.-China trade commentator and trade policy advocate. They discuss tariffs and trade strategy, rotation from mega-cap growth to value and small/mid-cap opportunities, and the software sell-off amid AI disruption fears.
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Close The Mexico Tariff Loophole
- Navarro warns Mexico can be used as a staging area for tariff avoidance and says the administration will address it.
- Monitor supply chains and enforce rules to prevent companies routing goods through Mexico to evade U.S. tariffs.
No One-Size-Fits-All Tariff Rate
- Navarro says tariffs should be bespoke and country-specific, not a single blended rate across partners.
- He frames tariffs as calibrated penalties tied to each country's cheating or trade barriers.
Legal Risks And A Plan B
- Navarro contends legal arguments support presidential tariff authority under current law and expects the administration to have a Plan B.
- He signals readiness to follow the president's lead if the Supreme Court rules against current tariff authority.
