The rollout of President Trump’s tariffs on Canada, Mexico and China has roiled expectations for US economic activity in the first quarter.
Daily Archives: March 5, 2025
Macro Briefing: 05 March 2025
US stock market post-election gain evaporates amid concerns about negative economic effects from President Trump’s trade war. After yesterday’s drop in the S&P 500, equities are 2.5% below the Nov. 6, 2024 close, the first trading day following the election. Addressing Congress Tuesday night, Trump reaffirmed his committment to tariffs, admitting there will be “a little disturbance” and that there “may be a little bit of an adjustment period. You have to bear with me again and this will be even better,” he claimed.
