Trump tariffs will have a deflationary impact: Jeff Sica

Just get back to the markets all green ahead of the opening today. It's a holiday short and weak. Let's bring in Jeff Seeker. Great to see you. Jeff, you say that Trump's proposed import tariffs will actually have a more deflationary impact than an inflationary one. Explain that. Yes, actually what I see and this is an unpopular opinion. I mean, when when the Biden administration is is able to recruit 17 Nobel laureate economists to say that the tariffs, this 10% tariff that President Trump. Is proposing plus an increase in the terrorist tariffs on China is going to create inflation? It goes against the grain to say it's not, but what I believe. Is the reason it isn't is going to create more deflation than inflation? Is First off, we need them. We need to protect jobs in America. We also need revenue to fund the continuation of the Trump tax cuts. And not only that, what it does is it puts multinational companies, companies that are trying to sell to the US consumer, it puts them on notice that they now they have to compete. And when they have to compete, the only way to compete. Is lowering prices, so it may not have an initial impact, but it will have a longer term impact in creating deflation. And very quickly, Jeff, I wanted to ask you about Bitcoin, the Supreme Court ruling overturning Chevron, basically saying to federal agencies, you can't make up the rules as you go along. Could that help Bitcoin? It it certainly is helping Bitcoin. And as you said, Ashley, you're seeing Bitcoin move up now the the Chevron decision, this 40 year old decision that took that, that took power. From the government, from the executive branch to these agencies. Has created a monster and that monster means that these three letter alphabet agencies are able to basically make up rules as they go with the defeat of this now that's over and for Bitcoin, which I've been in since since 2019 for Bitcoin, what it means is that the miners had a lot of heavy regulation and it was very confusing and it was very opaque. Now there's going to be a little bit more clarity a little bit more consistency. So I anticipate that this is going to give Bitcoin another leg up and and and approach the 7070 thousand mark. Wow, Clarity is always good. Jeff, we're out of time. Thank you so much, as always, for your contributions this morning.