CNBC Options Action July 14, 2024
A step back, what has been happening is the direct effects between the u. S. And china of the actual tariffs, you know, theyre starting to get up towards potentially over the course of two, treeyear period about 1 percentage point lower for usgdp if they remain in place. Theres the direct effect. What is happening globally is a confidence effect on business, business confidence, not just in the u. S. And china, but across the supply chains and more broadly because it is not, as you know, just a series of measures between those jurisdictions. We had issues with usmca, we have issues around auto...