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Trump’s Steeper-Than-Expected Tariffs On Goods Imported To U.S. Rattle Markets, Stoke Inflation Fears
Financial markets declined markedly after President Donald Trump unveiled steeper-than-expected retaliatory tariffs.
Wielding a school-presentation-style tagboard with numbers, percentages and nations during a long-anticipated news conference in the White House Rose Garden, Trump laid out the scheme in a characteristically rambling address. As in previous trading sessions when markets cratered in anticipation of the tariffs, the big fear is that prices will rise sharply as a consequence, and that ultimately companies could lay off workers or otherwise retrench. MSNBC’s Nicole Wallace stayed with a segment on the shellacking of a Trump and Elon Musk-backed candidate in the Wisconsin Supreme Court race for several minutes with a tiny POTUS live at the bottom righthand side of the screen.
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