Is Trump’s tariff zeal beginning to wane?
The President can’t stop talking about his favorite word – tariffs – although this week his comments are having a new effect. Rather than plummeting, the stock market is showing signs of life – climbing by more than 1 percent – on the news that Donald Trump’s plans for “reciprocal” tariff seemed to have been scaled back significantly. For weeks the President has been suggesting that come April 2, trade retribution would really kick in: any country that has an “unfair” trading partnership with the United States (Trump was even thinking of extending this to taxes like VAT) would see an equal import tariff imposed on the country.