In this episode, Scott Becker discusses the impact of newly imposed U.S. tariffs on China, Mexico, and Canada, the market downturn hitting Best Buy, and Walgreens’ potential $10 billion deal to go private with Sycamore.
Chapter 1: What are the new tariffs imposed by the U.S.?
This is Scott Becker with the Becker Private Equity and Business Podcast. We're going to talk today about tariffs, Best Buy, and Walgreens. So bear with me on this. We'll go through these three subjects. So the first thing is tariffs. As we've seen over the last few days, the U.S. has imposed tariffs on China, Mexico, and Canada, at least Mexico and Canada for sure, 25%.
Chapter 2: How do tariffs affect the stock market?
China is supposedly at 10%. And I hate the tariffs. I'm not a big fan of the tariffs. The stock markets also hate the tariffs. The only thing that makes me like the tariffs is as follows, and I know this is somewhat immature, but just the fact that we've got tariffs out there has caused Justin Trudeau, the prime minister of Canada, to rail on the United States and talk about how dumb –
Chapter 3: What is Scott Becker's opinion on tariffs?
This is now dumb Trump is and so forth. And the only thing that get me like to like tariffs. And I guess this is why people end up in wars is the other country criticizing our country for it. Then I become a fan of the tariffs. And I say that somewhat tongue in cheek. But seeing Justin Trudeau blast Trump and blast the tariffs is enough to cause me to be more pro-tariff than I otherwise would be.
And I ultimately hate the tariffs.
second best buy is taking it on the chin they're getting crushed today uh the um they're getting crushed on monday and that's due to potential impact on their business due to tariffs and so forth so that's what's going on as i'm watching this right now best buys down about 12 percent a third stock that we're walking watching and again today's discussion is tariffs best buy in walgreens walgreens seems to be very close to circling on a deal to sell itself to sycamore
It's up 7.6% today on news that they're very close to circling on a deal that's a $10 billion deal to go private. We'll see if that turns out. Now, you got to remember, Walgreens just a few years ago was worth $100 billion. So it's down to a $10 billion type valuation where a lot of it would be split up. So again, today's discussion, tariffs, Best Buy, and Walgreens, fascinating to watch.
Thank you for listening to the Becker Private Equity and Business Podcast. Thank you.
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