Forget tacos, can Trump have his tariff cake and eat it too? Wall Street's biggest bull thinks so

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• If President Donald Trump’s tariffs settle around 10%, that could still allow the Federal Reserve to cut rates later this year while they generate revenue that helps with the massive budget deficit, according to Wells Fargo’s Christopher Harvey, who thinks a levy at that level could be split between importers, corporations, and consumers.

There has been much talk lately about President Donald Trump and tacos, but another food entering the tariff conversation could be cake.