This morning’s markets boost comes courtesy of weekend reports that President Trump’s ‘Liberation Day’ round of reciprocal tariffs will be more measured than feared.
The White House has promised like-for-like tariffs on all US trading partners, with an announcement expected on April 2. Investors have become increasingly worried about the potentially huge impact on global trade and the economy from a tit-for-tat trade war.
But Bloomberg and The Wall Street Journal report that Trump’s administration has narrowed its reciprocal tariff focus to the “dirty 15” countries — the about 15% of countries with a trade balance unfavorable to the US. At the same time, Trump won’t bring in proposed duties on chips, cars and drugs on April 2, the WSJ said.
Bloomberg reported:
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