Donald Trump's tariffs were initially met with a stock market decline following his announcement. Despite threatening punitive tariffs of up to fifty percent, the market recently reached new highs. Investors viewed the threats with skepticism, believing Trump's resolve would wane, as reflected in the acronym TACO (Trump always chickens out). After a ninety-day period aimed at achieving trade deals, only two were outlined with the U.K. and Vietnam. Trump postponed the tariffs again, with skepticism growing among investors and concerns remaining for sectors tied to international trade, despite a ten percent levy on most foreign goods.
Trump's global tariffs were initially followed by a stock market plummet, yet two months later, despite new tariff threats, the market reached unprecedented highs.
Only two rough trade deals were reached during the ninety-day extension for tariffs, raising doubts about the administration's trade negotiation efficacy.
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