President Trump is preparing to introduce new tariffs on foreign metals without granting exclusions or exemptions, despite previous concessions made on tariffs with Canada and Mexico. Foreign governments and industries are lobbying for exemptions ahead of the upcoming tariffs, including on steel and aluminum. The administration has shown willingness to make exceptions based on industry pressures, despite initial promises not to grant exclusions.
Full Article
The Stock Market Crashed When Tariffs Were Announced. Wall Street Experts Say This Will Happen Next.
The S&P 500 fell 19% after President Trump announced significant tariffs on April 2 but has since recovered slightly due to a 90-day pause on the most aggressive duties. Experts anticipate short-term volatility and uncertainty, with a 45% chance of recession within a year, while long-term consequences may include reduced economic growth and living standards. Analysts warn that these tariffs could represent a major policy mistake, leading to economic fragmentation and lasting harm, especially to...
Read more