Steve Eisman, the investor immortalized in The Big Short,
recently significantly boosted President Donald Trump in the global tariff
fight, stating that if "reason prevails," the president will get
"what he wants."
Eisman, who famously bet against subprime mortgages before
the 2008 financial crisis, believes Trump can "get pretty much what he
wants" from the current tariff war because, ultimately, the United States
simply has more leverage than its trading partners.
"If reason prevails, Trump will get pretty much what he
wants," Eisman told CNBC on Tuesday.
"The United States will suffer the least," he
explained, noting that exports account for only 11% of U.S. GDP, compared to
30% for the European Union and 35% for Canada and Mexico.