US EditionWhat's next for Trump's tariffs? Where the trade war goes from here after sudden retreat.
- Trump announced a temporary pause on his tariff plan, which surprised his allies and administration, with negotiations expected to conclude by July 8.
- The Yale University Budget Lab estimates that the tariffs could lead to a 2.5% short-term rise in food prices and significant increases in apparel and textile costs.
- Concerns about market manipulation arose following the announcement, prompting calls for investigation by Senator Adam Schiff.
- Foreign leaders expressed relief over the pause while global markets faced turmoil, raising concerns among financial leaders and Republicans.
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Six Minute Strategy: What next after Trump’s tariffs? - Sarasin & Partners UK
US President Donald Trump has unveiled what may prove to be the most radical overhaul of global trade policy in over a century. The magnitude of his tariffs has severely jolted financial markets. Volatility has surged across equities, bonds, currencies, and oil. Guy Monson, Chief Market Strategist, is joined by Subitha Subramaniam, Chief Economist, as they consider four questions raised by the tariffs: have they peaked? Is a US recession now una…
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