Bloomberg Surveillance
Market Fears Grow after President Trump's Auto Tariffs
Mar 27, 2025
Julia Pollak, Chief Economist at ZipRecruiter, shares insights on the labor market amidst recent jobless claims and President Trump’s looming auto tariffs. She discusses potential inflation impacts as Core PCE data is awaited. Wendy Schiller, a Brown University professor, offers analysis on the political ramifications of these tariffs and the international backlash, including from the EU and Canada. They explore the implications for U.S. manufacturing jobs and how investors are adjusting strategies in light of these economic uncertainties.
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Quick takeaways
- The implementation of President Trump's 25% auto tariffs is expected to disrupt the auto industry while igniting broader economic anxieties.
- Despite stable employment figures, the decline in job seeker confidence highlights a growing disconnect between available jobs and candidate skills.
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