Some money managers see value amid Trump tariff strategy
Former Home Depot CEO Bob Nardelli and FOX Business host Charles Payne join ‘America Reports’ to discuss the impact of President Donald Trump’s tariffs as markets around the world take hits.
U.S. markets have fallen since President Donald Trump announced reciprocal tariff policies last week.
Despite the market decline over the past week, some money managers have held a strong belief that the president’s intentions will benefit U.S. markets and the economy long-term.
“Global markets sold off, partially in response to our market selloff on Friday. Expect to see a relief rally very soon. However, we won’t start our recovery until we get more clarity on the tariff situation. I expect trade deals to start pouring in this week,” Michael Murphy, CEO and founder of Rosecliff Ventures, told Fox News Digital Monday.
“Now is the time to be adding to the market,” Murphy said. “This will pass, and I expect it will pass quickly.”
TRUMP URGES AMERICANS TO ‘HANG TOUGH’ ON TARIFFS PLAN AS MARKETS TUMBLE
A man walks by the New York Stock Exchange building in New York City, March 11, 2025. (Shannon Stapleton / Reuters Photos)
At last Wednesday’s “Liberation Day”, Trump presented a board illustrating the tariff barriers that foreign countries place on the U.S. The president also announced a plan to implement reciprocal tariffs should trade deals not be reached. This includes a 34% reciprocal tariff on China, 20% on the European Union, 46% on Vietnam, 32% on Taiwan, 36% on Thailand, 26% on India, among other proposed tariffs worldwide. These reciprocal tariffs are in addition to the pre-existing barriers that the U.S. levies on foreign countries.
Trump weighed in on market turmoil Monday morning, posting to Truth Social, “Oil prices are down, interest rates are down (the slow moving Fed should cut rates!), food prices are down, there is NO INFLATION, and the long time abused USA is bringing in Billions of Dollars a week from the abusing countries on Tariffs that are already in place.”
Trump also issued a stark warning specific to China in a separate post Monday morning, saying “If China does not withdraw its 34% increase above their already long-term trading abuses by tomorrow, April 8, 2025, the United States will impose ADDITIONAL Tariffs on China of 50%, effective April 9th.”
Asian markets continued to sink on Monday, with Hong Kong’s Hang Seng Index closing down 13.22% in the biggest drop since 1997, China’s Shanghai Composite down 7.34%, Japan’s Nikkei 225 Index down 7.83%, and Taiwan’s TAIEX losing 9.7%.
President Donald Trump displays a signed executive order imposing tariffs on imported goods at the White House on April 2. (Andrew Harnik / Getty Images)
Despite the proposals and disruption across Asian and global markets, hedge fund manager Thomas Hayes, chairman and managing member of Great Hill Capital, LLC, told Fox…
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