As the U.S.-China tariff deadline approaches, concerns about potential market turmoil have been mounting. Dan Ives, Managing Director And Senior Equity Research Analyst, Wedbush Securities joined TheStreet to explain why the looming tariff deadline is unlikely to derail the market’s rally.

Watch the full interview below:

Full Video Transcript Below:

CAROLINE WOODS: What’s the threat of tariffs at this point. Because previously you had referred to it as an economic tariff Armageddon. And those deadlines are approaching. So how big of a risk are they now?

DAN IVES: Yeah but my view then. I mean, remember there were some scary weeks ministrations backed off significantly in terms of China. And I think you’ll see those descale further in terms of ultimate tariffs. And I think the Trump administration’s recognize and I’ve seen it, you know, being in DC a few times maybe initially what they’re looking for. They had a backtrack. And I think that’s what the market is factoring in as well. You’ll have a baseline 10% tariff. You’ll have some incremental reciprocal tariffs. But that’s not significantly moving the needle here. I also think the most important thing is the U.S.-China trade deal on the table. And that’s something especially for Nvidia. When you claw back 50, 60% of that China business that they’ve essentially handed to Huawei.