The markets remain locked in the slightest developments in the tariff strategy of President Donald Trump, the result of an uncertainty void that forced investors to try to complete the blank spaces.
The actions increased to their highest levels in more than a week on Monday, after the weekend reports of Bloomberg and the Wall Street Journal that the president was no longer going to impose general tasks in industrial sectors such as cars, pharmaceutical products and semiconductors.
Tesla’s actions, which have been mistreated by slow sales and a violent reaction against CEO Elon Musk, shot 9.5% on Monday; Previously, the company presented a letter to Trump’s commercial representative, Jamieson Greer, stating that it was vulnerable to retaliation rates imposed by other countries in response to Trump’s measures.
A source familiar with Trump’s thought told NBC News on Monday that the president has not yet made a final decision on the final scale of his promised general and cariñales, it is expected to be announced on April 2. Trump delivered an additional volatility on Monday when he announced its true platform that, starting that date, any country that buys oil or gas from Venezuela would be forced to pay a 25% rate in any trade with the platform with the US trade.
Later in the day, Trump told journalists in the White House that there would be an advertisement of tariffs on cars, aluminum and pharmaceutical products in “the very close future,” and added that the United States would need all those products if there were problems that include “wars,” Reuters said.
The actions of Ford, GM and Stellantis fell into that announcement, but since then they have recovered the land.
The president has demonstrated a willingness to give a little to his tariff threats, even while maintaining the pressure publicly. Last week, he pointed out that when it came to tariffs about China, there was room to “speak”, and that, although he intended to impose new Tit-For-Tat tasks to long-standing American partners, the light of day remained.
“I don’t change. But the word flexibility is an important word,” Trump said in comments at the Oval office. “Sometimes it is flexibility. So there will be flexibility, but it is basically reciprocal.”
The Secretary of the Treasury, Scott Besent, also suggested last week that the range of countries led by the tasks of April 2 would probably would be more limited than it has been reported above, saying that Fox News Maria Bartiromo presenter than a “dirty 15”, referring to the approximately 15% of the nations with persistent commercial disinfected with the United States, would be affected.
In descending order, the nations and entities with the highest commercial deficits with the United States are China, the EU, Mexico, Vietnam, Taiwan, Japan, South Korea, Canada and India.
Trump’s continuous opening to negotiate is why the threatened 25% tariffs in Mexico and Canada were finally suspended, then it was reduced to include only goods not covered by the US-Mexico-Canadá trade agreement.
Trump also proved to be receptive to the supplications of the main car companies on how dramatic the impact of rates with the residents of the north and southern United States for their businesses.
The United Kingdom’s Minister of Commerce would meet with White House officials to discuss the perspective of a technology -centered commercial agreement, Reuters reported last week. Bloomberg said Monday that the EU Chief of Commerce was also expected to meet with White House officials on Tuesday.
American officials are also in India this week as part of the ongoing commercial conversations.
And it was expected that the South Korean conglomerate Hyundai announced an investment of $ 20 billion in an onshration of the United States, including a new steel plant.
Directing to Monday, only steel and aluminum tariffs and the highest duties against Chinese products have entered into force, despite a series of threats to impose more rates.
Whatever its final form, the president’s rates strategy continues to launch a vision of economic growth. S&P Global Financial Group said Monday that commercial expectations for next year had fallen to the second lowest since October 2022 in March, “as companies became more and more cautious about economic perspectives, often citing concerns about customer demand and the impact of aspects of the policies of the new administration.”
A separate Global S&P report says that rates are now dominating the calls for companies, with the number of references to commercial problems that rise to approximately 900 for the discussions of the fourth quarter.
“The almost universal intention to go through higher rates through prices means that inflation will be or, if the price environment is more resistant, corporate gain margins will begin to feel pressured,” wrote S&P analysts.
And last week, the Federal Reserve suggested that tariff threats were pressing up on the growth of prices, although to what extent it was not yet clear. The president of the Fed, Jerome Powell, also said that any acceleration in inflation could ultimately demonstrate “transitory” depending on the final scope of the rates.
