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I don't think it's an insurable risk. If you were trying to underwrite some "adverse effects of government regulation" policy in 2024, would a surprise 50% tari
by SpicyLemonZest 1y ago
I don't think it's an insurable risk. If you were trying to underwrite some "adverse effects of government regulation" policy in 2024, would a surprise 50% tariff on Indian exports have even entered your calculation?
- jameslk 1y agoPerhaps in the short term but I wonder if that calculus changes as more time goes on with erratic tariff changes (which has technically been going on for years, just to a much lesser degree). Is there a market need great enough for price stability to offset the risk? It seems tariff whiplash will be an ongoing problem
- estearum 1y agoMaybe not insurable, but there are firms buying and selling tariff and affiliated refund risk. Howard Lutnick's former firm is brokering such deals, in fact. https://www.wired.com/story/senators-probe-cantor-fitzgerald-tariffs/ https://www.wired.com/story/senators-probe-cantor-fitzgerald...