Trump, tariffs and August 1
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The yield on the 10-year hit a 52-week high of 4.896% on January 13, a week before Trump's second inauguration, and traded as low as 3.860% on April 4 before spiking to 4.607% on May 21, then settling at 4.431% on July 18.
What history tells us is that, while it's impossible to pinpoint stock market tops, valuation premiums aren't tolerated over long periods. Though it's possible Liberation Day 2.0 serves as a downside catalyst for Wall Street, premium valuations are the greater threat for stocks.
1don MSN
President Donald Trump struck a new trade deal with the European Union on Sunday, allowing the EU to avoid a 30% tariff rate that was scheduled to begin on Aug. 1. Trump met with European Commission President Ursula von der Leyen over the weekend and discussed the new trade deal,
Stock sales by top officials clustered before Trump's major tariff announcements, according to a USA TODAY analysis of transaction forms.
Inflation is creeping back into the US economy and might get a lot worse in the near future, thanks to President Trump's tariffs.
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Investor's Business Daily on MSNStock Market Today: Dow Loses 422 Points As New Trump Tariffs Span Seven Countries (Live Coverage)The Dow Jones index was flat Monday on Trump tariff news. Tesla stock plunged on Elon Musk's new political plans.
Howard Lutnick says tariffs start August 1 with no extensions - The president is in Scotland, where he plans to discuss trade with the EU Commission chief
President Donald Trump is fond of testing the most extreme aspects of his economic strategy through statements designed to provoke a reaction in financial markets. It isn’t working for his trade policy,
Markets had dismissed tariff risks under the assumption that Trump would follow an earlier pattern and back off, in what became known as the so-called TACO trade. That allowed stocks to reach new record-high territory recently, marking a stunning rebound from the collapse triggered by his “Liberation Day” reciprocal tariffs in April.