The US markets experienced volatility on Tuesday due to President Donald Trump's renewed threat to impose tariffs on Canada. Markets are regaining some ground after the reports that said US and Canadian officials would meet later in the week to ease tensions and renegotiate trade terms. The S&P 500 dropped by .76, which led to Nasdaq falling by .18. Despite the market downturn, Trump did not care. An investment strategist, Ross Mayfield, noted that investors may not have fully anticipated the level of economic pain currently being experienced. Trump again managed to quiet other Americans’ concerns that nothing terrible was happening with the tariff dilemma. In a briefing on Tuesday, White House Press Secretary Karoline Leavitt echoed Trump's comments that the U.S. is undergoing an economic transition. In addition, investor sentiment has been driven by "extreme fear" over the past two weeks, mainly due to uncertainty surrounding President Trump's fluctuating tariff announcements, according to CNN's Fear and Greed Index.
Article Link: https://www.cnn.com/2025/03/11/economy/us-stocks-tariffs-trump/index.html
3 comments:
The stock market is constantly going up and down over and over again. It isn't good for the economy whatsoever. I am seriously worried especially since we started talking about investing and saving in class.
Things are constantly changing always, but when you look at consumer confidence and support we can see some wavering and that's where these threats are really going to get the consumer I think. It doesn't matter what happens if consumer's are too scared to spend.
Uncertainty among consumers is only a negative for the market. Hopefully Trump's announcement today of "tariff flexibility" will help to ease consumers' concerns.
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