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For instance, hes willing to start tariffs on Mexico until they help stop immigration.
Immigration is typically not anadverse economic event, especially when the United States has such challenging demographics.
So the tariffs are not economically related and will cause price and labor cost inflation.
In that case, tariffs are an appropriate response.
The tariffs that Trump is proposing now are punitive in nature, which can have more adverse economic consequences.
Those consequences will lead to supply chain issues and higher monetary inflation.
DeLorenzo offered these suggestions on which industries will generate more gains.
I think cybersecurity companies will outperform as well asoil pipeline and shipping companiesas energy bottlenecks are relieved.
DeLorenzo explains why that may be the case.
I would not underestimate the impact of a mass deportation on the economy, he said.
He wants to reduce rates and keep them low a combination that can lead to higher stock prices.
Trumps desire to impact the Federal Reserves monetary policy will have astrong market impactif successful, DeLorenzo explained.
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