Trump, TACO and tariff
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Trump, Tariffs
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Jamie Dimon warns markets are growing complacent on Trump’s tariff threats, as UBS's Paul Donovan flags a paradox fueling investor overconfidence.
President Donald Trump seems willing to spend “financial markets capital” whenever stocks are up, say strategists at GlobalData, TS Lombard.
1hon MSN
JP Morgan Chase CEO Jamie Dimon says President Donald Trump has been correct not to let his sweeping tariffs go into effect but warned that Trump’s pattern of backing down after threatening massive tax increases may not continue indefinitely.
Tariff Man is back again — and so is Wall Street’s TACO trade. President Donald Trump is once more threatening to lob massive duties on a wide swath of US imports, everything from copper and pharmaceuticals to goods from Japan and Russia.
8h
Axios on MSNOnly the markets can stop Trump's tariff regime nowPresident Trump's gone maximalist again on tariffs, and just like the last time, it appears the only thing that could stop him is a market meltdown. Why it matters: Stocks seem very, very disinclined to stop the historic rally they've been on for the last three months.
Prices of clothing and shoes are expected to be particularly impacted by the tariffs, Yale University’s Budget Lab found.
President Donald Trump complained to his aides about the lack of progress being made on trade deals as he was debating whether to push back his tariff deadlines yet again, according to a report.The president announced on Monday he was imposing a new wave of 25- to 40-percent tariffs on products from more than a dozen countries—including key trading partners such as Japan and South Korea—unless those countries reach new trade deals with the U.
The new tariff rates threatened in the letters Trump shared Wednesday are similar to those he announced on what the White House dubbed “Liberation Day” in early April.