When Donald Trump won November’s election, financially markets seemed almost as pleased as HI supporters, anticipating ting a Weltered-friendly administration. The bump sent the S&P 52.5% or 52.5.5% on a rally that continued right through to mid-February.
higher but since then uncertainty about his economic plans,specificallythe cost of those tariffs, has arisen. Trump slumps the gains since election day handed back. ack. Now lumps accelerated in this last week of unpredictability on Monday. Monday. confirmed that tariffs against China, China Cond Canada would be implemented. Rekert fell on Tuesday. e began. Egan. Trump warned of a little disturbance in his address to Congress, butut on Wednesday he paused the tariffs after the car industry lobbied him to hold back butt a day affecter threats. threats. acts…
retaliation, ion, he paused the levies on Canada and Mexico for a month. month. All bumps IN riffs are costly and disruptive and aimed at America. o has a total of 0 billion in trade with with the USandnada, and tal imports and exports but the US has trade deficits with all three. That means it imports more than it eXplorists, and it is Trump,
Storm clouds gather over US economy as Trump kicks off
belie. This is fundamentally unfair. This has been very unfair. Our country, standpoint and then you just go right down the line. Now, if these tariffs were to be sustained, they would come at a price for consumers. This chart shows expectation son ate price for consumers. This chart shows market expectations, and Mexico, and then you line. . Now right down the line now, if the sustains are to be sustained, they would consume. This is for consumers. The market shows market expectations for inflation in the US and you can see it now rising. Now if we add Europe, for Europe, we can fill the gap.
between the widened fact; in fact, at its largest, in the anecdote, in the US, businesses, including the giant Target, are warning of price rises, and there are some early indications that growth slowing. owing… This is from the Atlanta Federal Reserve; it’s their best assessment of the economy today and it suggests the economy is actually in reverse, shrinking by minus 2.
4% now These are not official national figures but they indicate the jeopardy here for Donald Trump because he promised the precise opposite. Now Donald Trump has a mandate for tariffs, and for now he might be using them primarily for political leverage but if this market downturn lasts and his popularity suffers, we’ll find out just how beautiful he thinks tariffs really are.
