Hopes of US golden age fade as investors start to worry about ‘Trumpcession’ risk
Tariffs are dampening consumer confidence and fears of a downturn seem to be weighing on the dollar
No sooner had historic 25% tariffs on imports to the US from Canada and Mexico come into force on Tuesday than the commerce secretary, Howard Lutnick, suggested the policy might be softened. Hours later, Donald Trump told Congress that the tariffs were “protecting the soul of our country”.
They say it’s the hope that kills you, but for investors trying to make sense of the Trump administration’s economic policies, it’s the uncertainty.
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