Veda Partners managing partner and director of economic policy Henrietta Treyz and Yahoo Finance Washington Correspondent Ben Werschkul join Market Catalysts to break down how the market is reacting to shifting expectations and confusion around global tariff deals.

Transcript:

Speaker: And Henrietta, the view has sort of been that the China talks are the most important, right? That this is where there is the most at stake. Yes, the EU was big, of course. So, do you think that anything meaningful will come out of these talks? Do you think it matters as long as they push the deadline out 90 days?

Henrietta: No, I think you nailed it. As long as they push the deadline out 90 days and we don't revert to those 145% tariffs that the president sort of escalated earlier in the year, then the market doesn't much care. I think that as we're getting these, you know, quote-unquote deals from various nations from Vietnam to Japan to the EU, the details are critically important, especially for sector analysts around pharmaceuticals and the tariff rates there for semiconductors. We have a mess of information that we are lacking on those fronts. And what's really disconcerting about the last couple of days as these deals have been announced is that the White House will say one thing, they'll put out a fact sheet, and then it's almost immediately refuted by whatever nation we've negotiated a deal with. That's the case with the EU and Japan and Vietnam, all three of those. So, the China talks, the street is basically just expecting the president to have gone too far into too much of an extreme with the 145% threat. And so keeping the tariffs at 55% is the best that they can hope for. That is the expectation. The goalposts have been moved and that's sort of where they are on China.