Trump appears set to avoid big tariff actions on day one. They're still likely on the way soon.
Published On Jan 20, 2025, 3:22 PM
On his first day back in office, President Donald Trump has decided not to impose new tariffs immediately, potentially to prevent market volatility. Although his administration is likely to announce plans regarding tariffs in the near future, experts suggest that substantial trade actions are still forthcoming. Despite the temporary hold on tariffs, Trump's administration may leverage laws that provide extensive powers for trade actions, especially concerning China, which could signal a new wave of trade tensions.
Stock Forecasts
SPY
Negative
Possible trade actions may lead to increased market volatility as tariffs are anticipated in the coming months. Investors should prepare for fluctuations in market sentiment as the administration clarifies its trade policies.
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Donald Trump’s first day back at the White House appeared set to come and go without major action on tariffs. Experts warned it offered little signal that major tariff moves aren’t still in the offing.