Uncertainty bothers markets more than tariffs - Economist on Trump's trade agenda

Record ID: 1987661

  • Title: Uncertainty bothers markets more than tariffs - Economist on Trump's trade agenda
  • Date: 1st April 2025
  • Summary: NEW YORK, NEW YORK, UNITED STATES (APRIL 1, 2025) (REUTERS) (SOUNDBITE) (English) MIZUHO SECURITIES USA, CHIEF ECONOMIST, STEVEN RICCHIUTO, SAYING: "Consumer is not going to pay at all. The manufacturer is going to pay some of it. The currency is going to eat some of it. Look, for a lot of these companies, it's a loss minimization process, okay? You know, if I'm a producer
  • Embargoed:
  • Keywords: $3 trillion of goods imported annually to the U.S 20% China Liberation Day President Donald Trump all nations aluminum autos businesses consumers import revenue investors steel tariffs trade war
  • Location: VARIOUS
  • City: VARIOUS
  • Country: US
  • Topics: Economic Events,North America,Equities Markets
  • Reuters ID: LVA00A335301042025RP1
  • Aspect Ratio: 16:9
  • Story Text: Global shares edged higher in choppy trading on Tuesday (April 1), while safe-haven gold soared to a record peak as markets awaited details of U.S. President Donald Trump's reciprocal tariffs.
    Investors are nervously awaiting April 2, a day Trump has dubbed "Liberation Day," when he has promised to unveil a massive reciprocal tariff plan.
    The Office of the U.S. Trade Representative released its annual report on foreign trade barriers on Monday, which contained scores of other countries' policies and regulations it regards as trade barriers.
    Yet it was unclear how the 397-page report would impact Trump's reciprocal tariff plans.
    On Wall Street, all three indexes were trading higher after losing ground earlier in the session, with gains in consumer discretionary communication services, consumer staples, and technology stocks being offset by losses in healthcare and financial equities.
    (Production: Aleksandra Michalska)
  • Copyright Holder: REUTERS
  • Copyright Notice: (c) Copyright Thomson Reuters 2025. Open For Restrictions - http://about.reuters.com/fulllegal.asp
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