Market's Not Ready for New China Tariffs, Zentner Says

The transcript discusses the dynamics of US-China trade relations, emphasizing that the US is not under pressure to make a deal. It explores market reactions to trade news, potential impacts of tariffs on GDP, and the resilience of the US economy due to fiscal support. The analysis includes scenarios of tariff impacts on global growth and financial conditions. It also addresses inflationary pressures from tariffs and the challenges faced by the Federal Reserve in monetary policy decisions.

How does the speaker perceive the current state of consumer spending in relation to tariffs?

What is the significance of the timing of tariff announcements in relation to the FOMC meeting?

What concerns are raised about the Federal Reserve's response to inflation due to tariffs?