Donald Trump’s 90-day pause on his “Liberation Day” tariffs has markets and pundits alike struggling to make sense of the U.S. president’s financial technique and its potential impacts.
Entrance Burner25:24What did Trump simply do to the financial system?
U.S. President Donald Trump introduced a 90-day pause on a lot of what he calls “reciprocal tariffs” barely per week after first imposing them — whereas additionally implementing a ten per cent tariff throughout the board on most international locations, and a whopping 145 per cent tariff on China.
Markets first soared on the information, then went again into freefall. Members of Trump’s cupboard claimed this was the technique all alongside. The chaos even introduced the steadiness of U.S. authorities bonds into query.
Justin Wolfers, a professor of economics on the College of Michigan, unpacks what’s actually happening right here, and why Trump’s previous dealings with Canada may present some perception into the way it will all shake out.
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