High Stakes and Lack of Details Add to Jitters About Trump Tariffs

What’s behind door No. 1? President Trump likes a big splash, and he’s not holding back for Wednesday’s introduction of reciprocal tariffs on America’s trading partners: Expect a major announcement in the Rose Garden. Otherwise, detail is lacking.

That prompted a major stock sell-off, with the S&P 500 experiencing its as economists warn of a potential trade war that reignites inflation and dents global growth. (The futures market points to another rough open for the benchmark index on Tuesday.) “If it is necessary, we have a strong plan to retaliate, and we will use it,” , the president of the European Commission, warned on Tuesday.



That’s even as consumer sentiment and business confidence . A CBS News poll released on Monday showed that many Americans were already feeling and would prefer the president direct his efforts at fighting inflation. White House aides have reportedly drafted a proposal to impose tariffs of on a wide range of U.

S. imports, The Washington Post reports. Trump sees reciprocal tariffs — which he defines as “ ” — as a tool to bring jobs back to the United States and rebalance the country’s trade deficit.

Meanwhile, he hasn’t refrained from introducing ones: Last week’s announcement about levies on autos and car parts caught many in the industry off guard, setting off a rout in auto stocks. We are having trouble retrieving the article content. Please enable JavaScript in your browser settings.

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