Part 2/8:
Eisman emphasized that his primary worry is centered on the complexities of international trade negotiations. He noted that the market seems to be overly complacent about tariffs, and the intricate details involved in discussions with European countries—each possessing veto power over significant issues—complicate matters further. His concerns extend to uncertainties surrounding China's trade relations, indicating that the multitude of variables makes it difficult to predict outcomes, which prompted him to adopt a more conservative investment strategy by taking some risks down and maintaining a relatively steady position.