President Trump has thrown cold water to negotiate with trading partners, causing market sales on Tuesday investors who are hoping for visibility in the White House tariff plans. At a meeting with Canada Prime Minister Mark Karni, Trump times argued The fact that its administration should not “sign deals” are a clear retreat from their top officials who promised progress. “They want a piece of our market,” Trump said. “We don’t want a piece of their market.”
Comments have led to a fall in stock prices drop On Monday, after a winning series, its longest since 2004. decision From the federal reserve system at the end of this week on whether the Central Bank will contain interest rates.
The praise between Trump and his advisers reflects more unstable macro -timing with companies await For a clear guide to the US government’s trade position.
Continuing uncertainty
Since the Trump administration, the April “Liberation Day”, where Trump announced rigid and wide tariffs against trading partners, the markets were unable to gain a foothold due to the switching of Declarations from the White House.
Trump’s key officials, including Finance Minister Scott Babe and Secretary of Trade Howard Lutnit, hinted at quick trade deals with leading allies such as India and Japan, pushing stocks to rise over the past couple of weeks. Trump’s comments on Tuesday, however, pushed negative sentiments.
Hosting Carney at the White House, Trump once again confirmed his policy towards Canada, as well as his perseverance to Canada become part of the United States, “meeting with Canada owners within months of the company,” Carney said. “Never say never,” Trump replied.
However, the following were more broader comments from Trump at a meeting on signing new agreements with other partners. While advisers, such as implant and Lutnik, as well as Trump himself, signal that the United States could quickly reach deals, Trump said he was tiring the discussion. “I would like them … stop asking how many deals you sign this week?” said Trump.
Technical stocks, including Meta and AmazonOn Tuesday fell modestly.
While the White House Wuffs at the tariff talks, the next main signal for investors will be the decision of the Fed’s interest rate. Analysts are waiting exert pressure On the chairman Jerome Powell to lower tariffs, arguing on his social media platform the truth of social incorrect Gas and egg prices. Jim raid Deutsche Bank wrote What the bank’s economists expect the next rate to take place in December.
In the near future, consumers may begin to feel the influence of the White House political solutions. Chief Economist RSM Joseph Brussels wrote The note on Monday, which is the recession caused by the tariff, can begin on the Doka Angeles’ docks caused by the rise in prices and unemployment associated with chains.
“The cost of this policy will be paid first in the ports, and then spread to the rest of the economy,” Brussels wrote.
Originally this story was presented on Fortune.com
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2025-05-06 20:16:00
Leo Schwartz
