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
Donald Trump, upon returning to the White House, has decided not to immediately impose significant tariffs, a move likely intended to prevent market volatility. While initial reactions in the stock market seem positive, experts warn that major trade actions, especially involving China and Mexico, could still be forthcoming. Trump's administration had previously indicated intentions for high tariffs on these countries. Future actions may follow using existing laws that grant the president broad powers to declare tariffs, potentially leading to market fluctuations.
Stock Forecasts
SPY
Negative
Market volatility is anticipated in response to potential upcoming tariffs, especially regarding US-China trade relations, which may be perceived negatively by investors concerned about trade wars.
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