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Classic ‘TACO’? Investors shrug off Trump’s latest tariff announcement
U.S. President Donald Trump’s new blanket tariffs came into force on Tuesday — but investors appear to be shrugging the changes off, with one analyst telling CNBC they were “bigger issues.” Trump announced over the weekend that a new, blanket 15% global levy on imports to the U.S. The president initially announced plans to impose a 10% duty on global imports, before saying that the rate would rise “to the fully allowed, and legally tested, 15% level.” The announcement came after the U.S. Supreme Court struck down Trump’s country-specific tariffs — a source of major market volatility when they were ... (full story)
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