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TrendMacro | Insights for action, for global investors
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Most Recent Commentary
Trump Can Have Tariff Revenues or Re-Shoring, Not Both
Donald L. Luskin
RealClear Markets
Monday, September 15, 2025
Most Recent Media Appearance
Trump Tries Forceful Persuasion
Wall Street Journal
Monday, January 5, 2026
Don Luskin and Michael Warren at Trend Macrolytics write in a note to clients: "It will take a lot to rehabilitate Venezuela’s depreciated oil infrastructure, but in the meantime, diverting its heavy crude exports to the US would severely disrupt Canada’s and Russia’s exports and China’s imports — giving Trump important leverage in trade and other negotiations."