Famed investor Steve Eisman has offered a glimmer of hope for President Trump’s controversial tariff policy, insisting the United States could still come out on top.
Amid plunging markets and fears of a global recession, Eisman – whose own exploits during the 2008 market crash were chronicled in Hollywood blockbuster The Big Short – said Trump could get ‘pretty much what he wants’ out of the tariffs.
‘The reason why cooler heads will prevail is that, again, in a trade war, everybody will suffer; the US will suffer the least,’ he said Tuesday.
‘If reasonable heads prevail, Trump will get pretty much what he wants.’
Eisman said the United States’ GDP is comprised of 11 percent exports, whereas exports for the European Union is 30 percent and reaches 35 percent for Mexico and Canada.
‘Those two countries hold no cards,’ he said, speaking of America’s two closest neighbors.
He expects foreign nationals will do whatever it takes to strike …