Donald Trump, TACO and tariffs
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President Donald Trump has again delayed a tariff deadline. His back and forth on the policy spurred TACO accusations. What does it mean?
If investors widely bet that Trump will blink, that means there is no market freakout. And no market freakout in turn means no one is holding Trump’s feet to the fire, pressuring him to back away from policies that could damage the economy and corporate profits.
Trump dropped a new tariff threat on Canada, promising an additional 35% import tax on all goods from the largest U.S. trade customer — starting Aug. 1.
President Donald Trump seems willing to spend “financial markets capital” whenever stocks are up, say strategists at GlobalData, TS Lombard.
The White House concluded that non-tariff methods for punishing Brazil would take too long, two people familiar with the situation said.
The levy injects fresh turmoil into a strained bilateral relationship and is a setback as Prime Minister Mark Carney negotiates a new economic partnership with the U.S.