Charles Schwab chief global investment strategist Jeffrey Kleintop joins Market Domination with Julie Hyman and Josh Lipton to discuss his expectations about US President Donald Trump's tariff policy.
Kleintop says he's "still thinking the bark is worse than the bite on tariffs." He notes he expects tariffs on imports from Canada and Mexico to be delayed further than the April deadline.
The strategist tells Yahoo Finance, "We may see that with the aluminum tariffs as well set for March 12th" since the US imports most of its aluminum, adding that "the administration is getting an earful from companies like Ford (F), [and] we know Walmart (WMT) is facing some of these challenges."
"Imports are becoming more expensive for businesses before US industry can ramp up and I think that's going to mean a lot of these get pushed out — delayed to the benefit of the stock market."
Watch the video above to hear the strategist's expectations for tariff impacts on China and his market outlook.
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This post was written by Naomi Buchanan.