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Powell warns Trump tariffs, risks are 'significantly larger than expected'

  • On April 2, 2025, President Trump signed an order imposing new tariffs, which initiated market volatility.
  • Trump's actions stemmed from trade grievances and a desire to rebalance trade, but sparked retaliatory measures.
  • China responded with tariffs of 34% on U.S. Goods, and markets saw major stock index declines.
  • Powell stated that tariffs were "larger than expected" and could cause persistent inflation; Trump urged rate cuts.
  • Uncertainty remains high as the Fed weighs inflation risks and potential economic slowdown, impacting future policy.
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Impulsobaires broke the news in on Friday, April 4, 2025.
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