Geopolitical Risk - US President intends to impose "very severe" secondary tariffs on Russia if a Ukraine ceasefire agreement is not achieved within 50 days [1] Sanctions - The report highlights the potential implementation of secondary sanctions [1]

We're going to be doing secondary tariffs if we don't have a deal in 50 days. It's very simple and they'll be at 100%. And that's the way it is.It couldn't be more simple. It's just the way it is. I hope we don't have to do it.Why are you giving 50 more days. I think the Well, I think it's a very short period of time. I think they'll forget I've just really been involved in this for not very long.Secondary tariffs are very, very powerful. What about the tariffs that the Republicans in the House and the Sena ...

Global Economic Outlook - The US is behaving like a developing nation, exhibiting core market correlations more common in developing countries, such as currency weakening despite rising yields and the breakdown of negative correlations between bonds and equities [4] - The market initially had an 80% probability of a "Reagan moment" but fluctuated to below 50% by early April, and is now around 70%, indicating uncertainty about whether the US will experience a positive transformation or stagflation and recession [6] - There's a 50/50 chance of either "globalization light" or total fragmentation, with the outcome depending on how other countries react [6] Market and Corporate Reactions - The market views US corporations as strong with good balance sheets and innovations, and believes the US is escalating trade tensions to de-escalate, expecting either deadline extensions or favorable outcomes from negotiations by August 1st [8][9] - CEOs are generally in a "wait and see" mode, postponing major investment plans due to uncertainty about tariffs (e g, whether they will be 30% or 10%, volatile or fixed), impacting supply chains and market strategies [11][12] - Financial markets have adapted to the idea that deadlines will be pushed back, but the ultimate destination of trade policies remains unknown [14][15] Trade and Geopolitical Risks - Mexico was surprised by the potential 30% tariff, indicating that countries not currently in focus could quickly become targets [20] - China is not out of the woods regarding tariff issues and is no longer a locomotive of global growth, with concerns that it may start dumping exports, especially on the European Union, causing trade tensions [21][22] - The EU is preparing a response to US tariff threats and may seek alliances with other countries [23] Investment Strategies - European financial markets have outperformed US markets in the first quarter by 17 percentage points, benefiting from an excessive overweighting of US assets at the start of the year [26] - For Europe to continue outperforming, it needs to attract capital back, which it hasn't been doing sufficiently [27] - Companies are considering "C plus many" or "many" strategies for supply chains, reducing reliance on China and increasing resilience, which involves rewiring supply chains and is time-consuming and expensive [18]

The looming impacts of tariffs will be in focus for a second-straight earnings season, prompting investors to position for more volatility https://t.co/siBTCIqENA ...

The world’s largest swimming pool maker will likely hike prices for a second time this year as a result of US President Donald Trump’s proposed tariffs https://t.co/WJox8AxLcc ...

Trump's tariffs target US trading ties both big and small https://t.co/4zYm5DrWpa ...

The overall combination of Trump’s various tariffs will balance out to an 18% effective tariff rate on U.S. consumers—assuming the announced tariffs take and stay in effect—which the analysis notes would be the highest effective tariff rate since 1934. https://t.co/xdIJrBHWNt https://t.co/4NyWscPdCU ...

From @WSJopinion: President Trump likes tariffs for their own sake, and the latest evidence is his bewildering decision to slap a 50% tax on copper imports. How this will help the U.S. economy is a mystery. https://t.co/9Bl69kn5E3 ...

Joining me now is Justin Wolfers, professor of economics and public policy at University of Michigan. He's the author of the book on economics, principles of economics, a textbook created around the idea that every decision is an economic decision. Justin, welcome back to the show.I have to say I I had great pause about inviting you back because I didn't want to waste your time, right. I thought Wednesday was going to be a big important day and we get some insight into what this administration is trying to ...

Cost Management Strategies - The company has a proven toolkit to manage cost headwinds, suggesting experience in navigating challenging economic conditions [1] - Diversified sourcing and strategic partnerships with suppliers are key strategies to manage costs throughout the supply chain [2] - The company possesses strong brand pricing power, allowing for selective pricing and promotional activities when needed [2] External Factors - Tariffs continue to evolve, creating uncertainty for the company [1] - Prior cost headwinds, such as increased cotton prices, have been successfully managed [2] Focus on Consumer - The company's primary focus is on engaging consumers through storytelling, products, and experiences [2]