“The Trump administration’s tariff campaign is generating huge uncertainty for businesses that was already becoming a drag on the economy. It will only further intensify in the weeks and months ahead,” the Wall Street Journal reports.
“Until recently, stock-market investors seemed to be acting on the assumption that most of Trump’s threatened tariffs simply wouldn’t happen, perhaps believing they represented mere negotiation tactics. They have now been disabused of that notion.”
“The prospect of disruptive tariffs has already held back many businesses from decisions such as new hiring or embarking on major purchases or investments.”
New York Times: “The escalating trade war added to global uncertainty that was compounded by the Trump administration’s decision to suspend military aid to Ukraine.”
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