Trump has a habit of firing off tariff comments in Wall Street’s off hours, catching traders off their guard. The latest example: The president suggested on Sunday that all US trading partners will be covered in the like-for-like tariffs expected to be laid out in the April 2 “Liberation Day” announcement. “You’d start with all…
The team at Capital Economics came out with a note this morning describing some of the implications of the new auto tariffs plan Trump set into motion Wednesday evening. They state the economies of Mexico, Slovakia, and Korea have the highest exposure to the tariffs, with up to 1.6% of gross domestic product at stake….
In less than two weeks, President Trump’s reciprocal tariffs designed to match tariffs imposed on US goods are expected to go into effect. The question is: Is the market ready? On a new episode of the Capitol Gains podcast, Yahoo Finance’s Ben Werschkul highlighted the market anxiety around this particular tariff plan. The lack of…
Global central bank officials have sung a common tune in recent weeks: Uncertainty is intensifying, and trade wars could lead to higher inflation and lower growth. And that uncertainty may only grow as countries prepare to see how far President Trump will go in imposing global reciprocal tariffs (“the big one,” Trump says) on April…
This president’s still not ready to “bend at all,” even as his escalating trade war rocks US stock markets. On Sunday, Trump was asked whether he was looking at creating exemptions from 25% tariffs on steel and aluminum that came in last week. “I have no intention of it,” he told reporters on Air Force…