Bloomberg Daybreak: Asia Edition Trump Issues New Tariff Rates and Trade Deal Deadline
15 snips
Jul 8, 2025 
Ahmed Riesgo, Chief Investment Officer at Insigneo, and Skyler Weinand, Chief Investment Officer at Regan Capital, dive into the ramifications of Trump's newly announced tariffs impacting major trading partners. They discuss how these tariffs, particularly the proposed 25% levies on Japan and South Korea, trigger significant market reactions and uncertainties. The conversation shifts to inflation concerns and the potential long-term stability of markets. Additionally, they touch on investment opportunities in international markets amidst the evolving economic landscape.
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Fed Likely to Cut Rates
- Inflation is low and monetary policy is quite restrictive at present.
- This supports the rationale for the Fed to cut rates at least two or three times later.
Market Pricing in Fed Cuts
- The market expects about two rate cuts this year, pricing them in by September and December.
- No rate cut would trigger a negative market reaction.
Equity Rally and Dollar Outlook
- Equity market rally lacks strong conviction and may end around mid-60s level for the year.
- The dollar is expected to continue declining steadily throughout the year.