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The markets just don’t believe Trump on tariffs

7 July 2025
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The markets just don’t believe Trump on tariffs
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Elon Musk’s announcement of a new US political party led to a nearly 7% drop in Tesla’s stock, indicating investor fatigue with his political involvement. Meanwhile, upcoming trade negotiations with Japan and South Korea face shifting deadlines and potential tariffs, yet markets reacted calmly as existing agreements remain largely frameworks rather than binding deals.

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