Tariff situation isn’t going to last for many more months as Trump can’t afford a recession: Ed Yardeni

July 15, 2025

Ed Yardeni compares the proposed EU tax to past tariff threats. He calls it Liberation Day 2. Markets remain calm, seeing it as negotiation. A trade war hurts the global and US economies. Trump’s frustration and potential tariffs on countries buying Russian oil add complexity. Markets anticipate resolution by summer. Trump’s focus may shift to mid-term elections.

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