Trump's orbit is trying to calm markets on tariffs — even if Trump has a different approach

Published On Jan 28, 2025, 12:15 PM

Markets are experiencing confusion over President Trump's trade policy, particularly regarding planned tariffs on Canada, Mexico, and China. Despite efforts from Trump's orbit to calm markets, Trump's own statements have contradicted these attempts, leading to uncertainty about the potential impact on businesses and the economy. New Treasury Secretary Scott Bessent has been associated with a proposal to implement lower tariffs at first, but Trump has rejected this idea in favor of higher tariffs to 'protect' the country. Market analysts are closely monitoring these developments as they assess potential impacts on the economy and specific sectors.