Wall Street Reacts to Trump’s Tariff Talk
- Investors see the warnings as a ‘negotiating tool’ for now
- US equities trading higher, stocks in Europe, Asia fell
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Traders got a stark reminder of President-elect Donald Trump’s fly-by-night approach to economic policy Monday night, when he blasted off threats to use steep tariffs against America‘s three biggest trading partners to stop the flow of drugs and migrants into the US.
The 6:35 p.m. social media posts jolted traders from their commutes or early dinners, forcing them into an effort to assess the market impact.