Will Investors Shrug Off Trump’s Tariffs?: DealBook Briefing
- 6 years ago
Will Investors Shrug Off Trump’s Tariffs?: DealBook Briefing
Mr. Trump said he would formally sign the trade measures next week
and promised they would be in effect “for a long period of time.” The trade measures would impose tariffs of 25 percent on steel and 10 percent on aluminum.
The announcement capped a frenetic and chaotic morning inside the White House as Mr. Trump summoned more than a dozen executives from the steel
and aluminum industry to the White House, raising expectations that he would announce his long-promised tariffs.
Kushner and Ivanka have to decide if they’d serve themselves and the president better by walking away from their formal White House roles.”
The politics flyaround
• The White House is set to announce new tariffs on steel and aluminum imports, according to unidentified sources.
Compare that with March 2002, when President Bush introduced his trade restrictions: The Fed was cutting interest rates, a policy stance
that can help support the economy and the stock market; stocks were nowhere near their peak of two years earlier; and President Bush’s administration was, overall, globalist in its outlook and didn’t want to become isolated ahead of the Iraq war.
Mr. Trump said he would formally sign the trade measures next week
and promised they would be in effect “for a long period of time.” The trade measures would impose tariffs of 25 percent on steel and 10 percent on aluminum.
The announcement capped a frenetic and chaotic morning inside the White House as Mr. Trump summoned more than a dozen executives from the steel
and aluminum industry to the White House, raising expectations that he would announce his long-promised tariffs.
Kushner and Ivanka have to decide if they’d serve themselves and the president better by walking away from their formal White House roles.”
The politics flyaround
• The White House is set to announce new tariffs on steel and aluminum imports, according to unidentified sources.
Compare that with March 2002, when President Bush introduced his trade restrictions: The Fed was cutting interest rates, a policy stance
that can help support the economy and the stock market; stocks were nowhere near their peak of two years earlier; and President Bush’s administration was, overall, globalist in its outlook and didn’t want to become isolated ahead of the Iraq war.