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- Tariffs of President Donald Trump According to the correct budget deficit, the federal reserve will then be able to create income that can increase prices in the end of this year, the Wells Fargo, which can create revenues to the Wells Fargo, which helps Fargo to Christopher Harvey.
Last time there was a lot of talk President Donald Trump and TacosHowever, another meal that enters the tariff conversation can be a cake.
His “Freedom Day” declares the announcement of the announcement of the announcement of the most aggressive position since then, although he said it would be Friday night Double steel tariffs up to 50%.
The general direction of the trip Chris Harvey, Wells Fargo Securities President, S & P 500 Price Target is the head of the capital strategy organized by the target of 7.007 Wall Street’s biggest bull.
“Trump leadership wants to take the work” Spoke to CNBC on FridayA few hours before the steel announcement. “They seem to push the ball forward and I think it’s positive. Now it is at the point where we will start to hear some real financial results over the next few weeks.”
Harvey added that shares think they could jump in a double digit in the second half of the year. Its S & P 500 forecast shows an increase of 18.5% closely on Friday.
The thesis has a main piece Fed Governor Christopher Waller’s final statement If the tariffs are completed by about 10%, the Central Bank may be in a position to reduce prices in the second half of the year.
Tariffs are generally seen as inflation and force you to make money easier. Consumers can still be a leeway still to reduce the width of the lump sum price increase and longer term inflation expectations to them.
So far, the effective tariff rate remains more than 10%, although the assessments are different. Budget Laboratory in Yale Put 17.8% last month, Fitch put it 13%.
Harvey expects 10% -12% of tariffs to solve the range and expressed concern about all uncertainty of customers, they are still comfortable with the basics of the economy.
This asked the CNBC’s Scott WAPPNER’s cake was a cake and asked if he asked them to progress and demanded him with the tariff diary.
“I think so,” Harvey replied. “So, 10%, 10%, we will be eaten by a third corporation, which we are third, and the third corporation will be eaten by a third corporation, and the third will be eaten by the consumer. This will have a great impact.”
At the same time, these tariffs will receive income that can help the federal budget that sees mass cuts in recent years.
Fears that will deteriorate under the proposed budget of Congress, the bond market caused the expenditure of debt expenditures as a result of treasury productivity.
Meanwhile, while trading talks are more important to reach transactions with India, Japan and the European Union, Harvey, in any case, it is already in the process of disintegrating the United States, China is more critical.
However, if the tariff extends until June and July, the companies measure their salaries and then “items begin to fall.”
Therefore, there is a progress on trade and compliance with major economies such as India, Japan and the EU. Harvey said. In this way, the markets can be focused on the focus of the incredibly term tariff effects next year.
“Then you can start extrapolating,” he said. “The market begins to look at everything. They start looking at any economic slowdown or weakness and then look for ’26’ in ’25 ’25 ‘.
This story was first displayed Fortune.com
