Pursuing a structual, sudden change in US trade policy is one thing. That alone is disruptive. Even if it’s a net plus in the longer term (a debatable proposition), the current burden that’s weighing on markets and the economic outlook is a lack of clarity on what the end game is and how the US will get there. It adds up to a one-two gut punch for investor, consumer and business sentiment.
Daily Archives: April 8, 2025
Macro Briefing: 8 April 2025
China says it will “fight to the end” as it retaliates against US import tariffs, which rose to over 100% on Wednesday in response to China’s decision to match the “reciprocal” duties Trump announced last week. “If China does not withdraw its 34% increase above their already long term trading abuses by tomorrow, April 8th, 2025, the United States will impose ADDITIONAL Tariffs on China of 50%, effective April 9th,” Trump wrote on Truth Social. “Additionally, all talks with China concerning their requested meetings with us will be terminated!”
