Trump, tariffs
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The president’s supporters portray him as a top dealmaker. But, at least for now, far more trading partners have gotten stiff tariffs than trade deals.
The pause on the biggest of Trump's tariffs won't end this week, as planned, but the problems they present still loom large.
For most world leaders, tariff letters from US President Donald Trump mean a big headache. But for one Southeast Asian general, the communique is being spun as welcome recognition of the embattled, isolated and reviled junta he leads.
Canada faces another set of tariffs in its ongoing trade talks with the U.S. However, in this latest round of tariff announcements, investors have learned to largely tune them out as negotiating bluster rather than policy commitments.
Trump and his aides have repeatedly shifted their stance on tariffs since the president’s “Liberation Day” announcement.
US stocks fell on Friday after President Donald Trump threatened a 35% tariff on Canada — a sharp escalation in an ongoing trade war. The Dow closed lower by 279 points, or 0.63%. The broader S&P 500 fell 0.
The president said the blanket 35% would be on top of tariffs on certain sectors. That’s higher than the previous 25% rate.
Markets may face turbulence as Trump pushes US re-industrialization, with bubble-like S&P500 valuations signaling a potential selloff ahead. See more here.
Canada would bear the brunt of Trump's tariffs in terms of economic contraction, says The Budget Lab of Yale.
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