“President Trump seems to think financial markets are perfectly happy with his tariffs and open to his more aggressive approach, because stocks keep hitting all-time highs,” Axios reports.
“Meanwhile, financial markets think there’s absolutely no chance Trump will go ahead with the tariffs he’s threatened, and therefore… keep bidding assets up to all-time highs.”
“The two beliefs can’t co-exist for much longer, and the disconnect can’t end well, either.”
Wall Street Journal: Trump bets constantly shifting tariff strategy can remake global trade.
CNBC: Inflation report Tuesday should provide clues on the impact tariffs are having on prices.
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