Monday, April 7

Tag: Economics

‘Reset global trade’: Trump officials double down on tariffs as global markets plummet

Top Trump administration officials are offering mixed messaging on the possibility of negotiations on the president's newly announced tariffs, framing the move as a necessary economic reset and downplaying severe market volatility and uncertainty. President Donald Trump has long cast himself as a dealmaker — and has left the door open to cutting tariff deals with countries. But messaging from his top economic lieutenants Sunday painted a murkier picture about the possibility of relief. Trump last week announced tariffs of at least 10 per cent across all countries, with rates going even higher for 60 countries deemed the "worst offenders." The universal 10 per cent rate went into effect Saturday, while the customized rates will take effect Wednesday. President Don...
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