BUSINESS
Trump's New Tariffs Inject Market Uncertainty
The Trump administration's promised trade deals following its tax bill have instead resulted in renewed trade uncertainty. President Trump threatened 50% tariffs on copper goods and up to 200% on pharmaceuticals, sending copper prices soaring. Treasury Secretary Bessent predicted imminent trade pacts, but only 22 tariff letters have been sent, many to minor trading partners. Tariffs on Brazil, despite a trade surplus with the U.S., are justified based on political considerations. While some analysts downplay the market impact, others anticipate inflation and the Federal Reserve holding interest rates.
Reviewed by JQJO team
#trump #trade #tariffs #economy #deals
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