Markets creep into uncertainty as Trump’s tariffs remain questionableIt will be published at 11:22 in the UK Summer Time
Darcini David
Associate Economics Editor
The stock market is off to a bumpy start a week before President Trump’s “liberation day” tariff announcement.
They are plagued by concerns about the possible impact they may have.
And the answer: No one knows
Given the twist and back sales we’ve seen so far, it’s very unclear what the president will reveal. And who will retaliate with his own customs
And even if we receive the announcement, it is unclear what the impact will be. Are impacted importers trying to absorb taxes along their supply chain or taking over to their customers?
Will the affected exporters simply try to divert their goods elsewhere? Will consumers sniff out higher prices or just switch to other cheaper products?
All of these reactions will affect how prices, profits, jobs, growth will be affected, and whether President Trump is actually causing these taxes.
All of these are impossible to identify, and policy makers’ claims may be broad-marked. In the meantime, the market will creep up by its nemesis, uncertainty.
