Latest news with #TerryHaines
Yahoo
6 days ago
- Business
- Yahoo
3 things investors need to watch to minimize risk in Trump 2.0
Investors have a lot to pay attention to this week, from fresh economic data showing slowing hirings, to President Trump saying talks with China are "extremely hard," all while the Senate considers Trump's controversial tax bill. Pangaea Policy founder Terry Haines joins Madison Mills and Brad Smith on Morning Brief to take a closer look at the top stories of the day and outline three things he thinks investors should be keeping an eye on: the tax and spending bill, weakening economic data, and the new steel and aluminum tariffs as part of Trump's push to protect the defense industrial base. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
21-04-2025
- Business
- Bloomberg
Bloomberg Surveillance TV: April 21, 2025
- Cam Dawson, CIO at NewEdge Wealth - Terry Haines, founder at Pangaea Policy - Leland Miller, CEO at China Beige Book - Barbara Doran, CEO and CIO at BD8 Capital Partners Cam Dawson, CIO at NewEdge Wealth, joins for a discussion on her 2025 outlook and whether equities could rebound amid volatility in the first quarter of the year. Terry Haines, founder at Pangaea Policy, discusses President Trump's tariff policies and turmoil for Defense Secretary Pete Hegseth and the Defense Department. Leland Miller, CEO at China Beige Book, discusses the outlook for the Chinese economy in an intensifying trade war with the US. Barbara Doran, CEO and CIO at BD8 Capital Partners, discusses the outlook for markets amid comments from President Trump for a desired change at the Fed.
Yahoo
24-03-2025
- Business
- Yahoo
Trump world cheers markets with talk of narrowing April 2 tariffs to the 'dirty 15'
Trump administration officials have tried to get a message out in recent days that markets may be overestimating the planned scope and scale of reciprocal tariffs looming in just over a week's time. It's an effort that comes amid growing fears that investors could be in for a shock when April 2 rolls around, a date President Trump has taken to calling "liberation day." But this push to calm markets faces plenty of open questions — from whether Trump is willing to allow a possible "narrowing" of his immediate-term tariff plans to how much these latest signals actually diverge from the formal plans unveiled weeks ago. The effort continued over the weekend with stories — first on Saturday in Bloomberg and then Sunday in the Wall Street Journal — that featured administration officials telegraphing a narrower set of tariffs to be unveiled April 2. The crux of the change is that that some nations and many sectors could be in for more of a reprieve than expected next week when when reciprocal duties are announced — even as plenty of key countries continue to be set for a rougher ride. It's a clear pivot for Trump's team but also one that many trade experts have long considered a strong possibility, with the investigation that is formally set to end April 1 one that is focused on nations as opposed to industries. New sector-specific duties — in spite of a flood of Trump threats — have long been seen as more likely to see implementation delayed because of legal requirements for things like public comment periods or another administration investigation. Either way, markets cheered Monday morning with S&P 500 (^GSPC), Dow Jones Industrial Average (^DJI), and NASDAQ Composite (^IXIC) all pushing upwards on Monday morning. But many market watchers still continue to view the coming deadline with trepidation given that tariffs are perhaps the key driver of stocks right now. Pangaea Policy's Terry Haines noted over the weekend that investors remain squarely focused on April 2 and "there's potential for market impacts to vary widely by sector/industry." He also wrote that Washington is set to challenge markets on multiple fronts in the weeks ahead with the debt ceiling looming and the uncertain fate of tax cuts also key factors. That adds up to a landscape where "this next 3 month stretch is shaping up — mostly by design — to be the most difficult stretch of the Trump presidency on both the economic policy and geopolitical fronts." The efforts by the White House to set new expectations began last week. "One of the things you see from markets is that they're expecting that they're going to be these really large tariffs on every single country, but there are a whole bunch of countries that treat us fairly," National Economic Council Director Kevin Hassett told Fox Business as far back as last Wednesday. "I think markets need to change their expectations," he added, calling the tariffs to come on "just a few countries" that they see as cheaters. Treasury Secretary Scott Bessent also perhaps tried to downplay the scope one day earlier when he coined a new term last Tuesday, saying the administration was looking at the so-called "dirty 15" — representing 15% of nations that the administration says have persistent imbalances with the U.S. The issue is that under pretty much any scenario, even those put forth by the administration itself, the countries being targeted may be relatively small in number but make up the vast majority of America's top trading partners. A Federal Register notice from February, one step in the investigation process that will culminate on April 1, the office of Trump's trade representative made clear that a wide array of world economies are in focus. The notice listed 20 countries by name as well as the entire European Union and the G20 nations. All told, the notice itself pointed out, "these countries cover 88 percent of total goods trade with the United States." And as Bessent himself acknowledged in last week's Fox Business interview "there is a big group of countries where we have a small surplus but we don't do a lot of trading with them." The perhaps larger question amid all the back and forth is where Trump himself stands. The president notably did not immediately respond to the weekend's stories with a denial — something he has done in the past — even as he weighed in on a range of administration story lines throughout Sunday evening. He also offered a more market-friendly take on tariffs on Friday when he said that "flexibility" is a factor in his coming deliberations. "The word flexibility is an important word," he told reporters in the Oval Office even as he maintained that exemptions will be rare and he views many top trading partners as cheaters who he has little interest in lessening the coming duties. "So there'll be flexibility but basically it's reciprocal," he added. Ben Werschkul is a Washington correspondent for Yahoo Finance. Every Friday, Yahoo Finance's Madison Mills, Rick Newman, and Ben Werschkul bring you a unique look at how US policy and government affect your bottom line on Capitol Gains. Watch or listen to Capitol Gains on Apple Podcasts, Spotify, or wherever you find your favorite podcasts. Click here for political news related to business and money policies that will shape tomorrow's stock prices Sign in to access your portfolio
Bloomberg
27-02-2025
- Politics
- Bloomberg
'Will Take All Year:' Terry Haines on House GOP Plans
Terry Haines, Pangaea Policy Founder, discusses the House GOP narrowly passing their budget plan and claims there will be several issues along the way of this Congress throughout the year. Haines also talks about the issues both the House and Senate have with the budget plan, how likely it is that President Trump sticks to his word that Medicaid will not be cut, and shares his thoughts on the Trump Administration weighing the option of pulling funding for Moderna's bird flu vaccine. Terry Haines speaks with Kailey Leinz and Joe Mathieu on Bloomberg's "Balance of Power." (Source: Bloomberg)
BBC News
31-01-2025
- Business
- BBC News
Trump using tariffs 'as geopolitical leverage'
Terry Haines, founder of the Washington DC-based consultancy Pangaea Policy, says President Trump is using the threat of tariffs on Canada and Mexico for 'geopolitical purposes' and may not impose the full 25 percent levy if he gets some concessions.
