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The markets just don’t believe Trump on tariffs

7 July 2025
in World
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.

Explain It To Me Like I’m 5: The White House Watch newsletter offers insights into the implications of Trump’s second term for Washington, business, and global affairs, available for free sign-up.

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