President Trump threw the cold water on the deals negotiating with commercial partners, which caused the market to sell the market on Tuesday by investors in the hope of clarity in the customs tariffs of the White House. At a meeting with Canadian Prime Minister Mark Carney, Trump Argue His administration should not “sign deals”, which is a clear retreat from senior officials, who promised to progress. “They want a piece of our market,” Trump said. “We don’t want a piece of their market.”
The comments led to a decrease in stock prices in the wake of a decrease on Monday, which followed a series of winning seven sessions, which is longer since 2004. S&P 500 decreased by 0.77 %, as investors also expected a decision from the Federal Reserve later this week about whether the central bank will retain the interest calories fixed.
The injury between Trump and its advisers reflects the increasingly unstable overall conditions, as companies are waiting for clear guidance on the trade position of the US government.
Continuing uncertainty
Since the Trump administration hosted “Liberation Day” in April, Trump announced a harsh and widespread tariff against commercial partners, the markets have not been able to obtain a steady foothold due to changing ads from the White House.
The main Trump officials, including Treasury Secretary Scott Beesen and Minister of Commerce Howard Lottenic, have glimpsed imminent trade deals with senior allies such as India and Japan, prompting stocks to climb in the past two weeks. Trump’s comments on Tuesday, however, stimulated renewable negative feelings.
Hosting Carney said that Carney at the White House, Trump repeated the policy of definitions against Canada, as well as his insistence that Canada become part of the United States “after I met Canada’s owners throughout the campaign after several months, it is not for sale.” “Never say,” Trump answered.
However, more dependency is Trump’s broader comments at the meeting about signing new arrangements with other partners. While consultants like Bessent and Lutnick, as well as Trump himself, have indicated that the United States could soon reach deals, Trump said he was tired in the discussion. “I hope … stop the question, how many deals you record this week?” Trump said.
Technology shares, including Meta and Amazon, fell modest on Tue.
While the White House pancakes are on customs tariff negotiations, the interest rate decision in the Federal Reserve will be the next main signal for investors. Analysts expect the central bank to retain steady rates, although Trump still applies pressure to President Jerome Powell to reduce interest rates, his research on the social media platform, incorrect Gas and egg prices. Jim Reed from Deutsche Bank wrote that the bank’s economists expected the next rate to happen in December.
Consumers can soon start feeling the influence of White House policy decisions. Joseph Brussuelaas, the chief economist in RSM, wrote in a Monday note that the recession caused by customs tariffs could start on the sidewalks of Los Angeles, caused by the high prices and unemployment of the chain.
“The price of these policies will be paid for the first time in the ports and then spreads to the rest of the economy,” Brussuelaas wrote.
This story was originally shown on Fortune.com
