Nouriel Roubini

The dollar started to go free fall and he panicked.

And he panicked and started to do trade deal.

And he gave the job to Scott Besson.

And guess what?

The average US tariff right now is not 30%, it's 14 and falling because there is a inflation affordability crisis.

And every day they cut back the tariffs on aluminum, on coffee and cocoa and whatever, they're desperate.

And therefore, they already chickened out in 25 because the market forced them.

They'll do more of it this year because that, of course, midterm election and they need to try to boost the economy and reduce the inflation.

So tariffs are going down, not up.

You know, there's been some short-term volatility.

There's been some shrinkages of our imports from the rest of the world.

My view is actually the U.S.

trade and current account deficit, regardless of tariffs, is going to widen because from a macro point of view, the trade balance is not exports minus imports.

It's savings minus investment.

and U.S.

is in the middle of an investment boom driven by AI and technologies of the future.

It's like an emerging market that found oil or something.

When you have an investment boom and your domestic, private, and public savings are lower, then you have a current account deficit.

So our current account deficit is going to become larger, not smaller, even if you have 30% tariffs.

That's a macro view.