Trump changes his mind on #tariffs with the trade war #politics
Bloomberg Televisionยท2025-07-08 14:35
Trade Policy & Market Impact - The US administration's 90-day pause on reciprocal tariffs is ending, creating uncertainty in the market [1][4] - The market initially reacted with turbulence to the announcement of reciprocal tariffs, leading to a policy adjustment [1] - The US may impose a 10% tariff on exports from every country, with limited room for negotiation [3] - Companies will need to adjust to added costs from tariffs, potentially leading to retaliation [4] Potential Trade Agreements - Any potential trade deals are expected to be basic and lacking in concrete commitments [2] - Agreements may focus on commercial arrangements, such as purchases of US agricultural goods or Boeing airplanes [2]