Trump’s Tariff Takeoff with Altimeter Capital’s Brad Gerstner 3/12/25

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 12 March 2025

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

As markets react sharply to President Trump’s 25% tariffs on steel and aluminum, Altimeter Capital CEO Brad Gerstner weighs in on the escalating market turmoil and the broader implications of Trump’s trade policies. Amid these developments, CNBC’s Eunice Youn reports from Beijing on talks between China’s Ministry of Commerce and Walmart, which is seeking price reductions from Chinese suppliers to mitigate tariff impacts. Plus, CNBC’s Eamon Javers delivers insights on Trump FTC Chair Andrew Ferguson’s recent remarks to CEOs, emphasizing that while he won’t allow mergers to falter unnecessarily, automatic approvals for significant mergers aren’t guaranteed. Eamon Javers - 09:14 Eunice Yoon - 16:13 Brad Gerstner - 22:51 Eunice Yoon, @onlyyoontv Eamon Javers, @EamonJavers Brad Gerstner, @altcap Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music, please.
0:04.3	Hi, I'm CNBC producer Katie Kramer.
0:06.8	Here's what's coming up today on Squawk Pond.
0:10.4	Altimeter Capital's Brad Gersner.
0:12.3	He manages about $15 billion in tech investments,
0:15.4	and he's not worried about tariff uncertainty stalling the markets.
0:18.8	If you think we're heading in the direction of high, structural, permanent McKinley-style tariffs,
0:25.6	then we have further to go down.
0:27.6	Gersner weighs in on market turmoil, growth fears.
0:30.6	The first 10% is just digesting the fact that there is more uncertainty.
0:35.6	This week was the first week where I saw a banner on CNBC that says fears of recession.
0:41.3	And the method to the tariff madness.
0:43.3	This is the fog of a war.
0:45.3	Fog of a trade war. Every company has pulled their M&A teams off the beach.
0:48.3	They haven't done anything for three years and they're all back to work.
0:52.3	Plus are the floodgates really open for deals?
0:55.2	Are Eamon Javvers with the latest on White House policy?
0:58.3	In a weird way, they're ending up in a similar place
1:00.7	to where the Biden people ended up, but for a very, very different reason.
1:03.9	And is Walmart pressuring suppliers in China
1:06.6	to cover the cost of tariffs are Eunice Un.
1:09.2	There's this frantic negotiation process going on among U.S. retailers, U.S. distributors, U.S. suppliers, as well as here in China.
	...

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