US EditionKeep Calm and Carry on as Brussels Sidesteps Trump’s Tariff Threat
UNITED STATES, JUL 13 – Trump's tariff threats target multiple countries with rates up to 40% starting Aug. 1 as investors remain cautious despite stock market gains, with S&P 500 profits forecast to grow 4.8%.
- President Donald Trump announced new tariff rates to take effect on August 1, targeting multiple countries including the European Union and Mexico.
- This announcement followed a 90-day pause on the sweeping tariffs initially imposed during "Liberation Day," which was extended from July 9 to August 1 while negotiations and deals with some partners progressed.
- The tariffs include rates as high as 30% or more for many countries, with some deals slightly lowering rates, such as the UK maintaining a 10% blanket tariff but possibly reducing auto and steel tariffs.
- Analysts and experts warn these steep tariffs could fuel inflation or recession, while investors have propelled stock markets to new highs, remaining cautiously optimistic but uncertain about Trump's enforcement and economic impacts.
- The upcoming corporate earnings season will be crucial in revealing how trade tensions affect U.S. consumers and markets, with tariff-related volatility expected to persist despite recent market resilience.
65 Articles
65 Articles
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Earnings Season Tests Market Records as Investors Brush Off Trump’s Tariff Threats - BlackRock (NYSE:BLK), Citigroup (NYSE:C)
In the face of President Donald Trump‘s tariff threats, investors have propelled stocks to new heights this past week. However, the forthcoming earnings season could bring the trade war back into the spotlight. What Happened: Robust corporate profits have enabled the S&P 500 to bounce back from the turbulence of April, resulting in a 6.4% surge this year. The index has achieved new records, despite the White House’s tariff threats on goods from …
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