President Trump threw the cold water on the deals negotiating with commercial partners, which caused the market to sell the market on Tuesday by investors in the hope of clarity in the customs tariffs of the White House. At a meeting with Canadian Prime Minister Mark Carney, Trump Argue His administration should not “sign deals”, which is a clear retreat from senior officials, who promised to progress. “They want a piece of our market,” Trump said. “We don’t want a piece of their market.”
Comments led to a decrease in stock prices in the wake of A. He falls On Monday, which followed a series of wins of nine sessions, longer since 2004. S&P 500 fell 0.77 %, as investors also expect a resolution From the federal reserve later this week on whether the central bank will carry interest rates fixed.
The injury between Trump and its advisers reflects increasingly unstable overall conditions, with companies expected For clear guidelines about the trade position of the US government.
Continuing uncertainty
Since the Trump administration hosted “Liberation Day” in April, Trump announced a harsh and widespread tariff against commercial partners, the markets have not been able to obtain a steady foothold due to changing ads from the White House.
The main Trump officials, including Treasury Secretary Scott Beesen and Minister of Commerce Howard Lottenic, have glimpsed imminent trade deals with senior allies such as India and Japan, prompting stocks to climb in the past two weeks. Trump’s comments on Tuesday, however, stimulated renewable negative feelings.
Hosting Carney said that Carney at the White House, Trump repeated the policy of definitions against Canada, as well as his insistence that Canada become part of the United States “after I met Canada’s owners throughout the campaign after several months, it is not for sale.” “Never say,” Trump answered.
However, more dependency is Trump’s broader comments at the meeting about signing new arrangements with other partners. While consultants like Bessent and Lutnick, as well as Trump himself, have indicated that the United States could soon reach deals, Trump said he was tired in the discussion. “I hope … stop the question, how many deals you record this week?” Trump said.
Technical stocks, including Dead and AmazonIt fell modestly on Tuesday.
While the White House pancakes are on customs tariff negotiations, the interest rate decision in the Federal Reserve will be the next main signal for investors. Analysts expect the central bank to maintain fixed prices, although Trump is continuing Pressure application On the chair, Jerome Powell, to reduce rates, the real social media platform argues that there is no “inflation” and indicates incorrect Gas and egg prices. Jim Reed from Deutsche Bank books The economists in the bank are expected to take place in December.
Consumers can soon start feeling the influence of White House policy decisions. Senior Economists RSM Joseph Proswell books On Monday’s note, the recession caused by the customs tariff can begin on the sidewalks of Los Angeles, caused by high chain and unemployment prices.
“The price of these policies will be paid for the first time in the ports and then spreads to the rest of the economy,” Brussuelaas wrote.
This story was originally shown on Fortune.com
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