Economy

Dissecting the ‘Trump Tariff Two-Step’

The Trump tariffs are now being referred to as the “Trump Two-Step.” I expect that these tariff threats won’t be inflationary in the end.
Dissecting the ‘Trump Tariff Two-Step’
President Donald Trump signs a proclamation renaming the Gulf of Mexico as the Gulf of America aboard Air Force One en route to New Orleans, on Feb. 9, 2025. Roberto Schmidt/AFP via Getty Images
Louis Navellier
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Commentary

The Trump tariffs are now being referred to as the “Trump Two-Step,” since both Canada and Mexico got 30-day extensions to prove to President Donald Trump that they could secure their borders and stop the flow of fentanyl and migrants. China has been hit with a 10 percent tariff since it makes fentanyl ingredients and has imposed retaliatory tariffs on U.S. goods (effective Feb. 10), plus opened up an investigation into Google.

Louis Navellier
Louis Navellier
Author
Louis Navellier is chairman and founder of Navellier & Associates in Reno, Nevada, which manages approximately $1 billion in assets. One of Wall Street’s renowned growth investors, Navellier writes five investment newsletters focused on growth investing. In addition to appearing on Bloomberg, Fox News, and CNBC giving his market outlook and analysis, he has been featured in Barron’s, Forbes, Fortune, Investor’s Business Daily, Money, Smart Money, and The Wall Street Journal.
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