FT News Briefing What Wall Street expects from Trump’s ‘liberation day’
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Apr 2, 2025 Venture capital powerhouse Andreessen Horowitz is eyeing TikTok, potentially reshaping its future amidst trade tensions. Trump’s impending tariffs, the highest in decades, create a whirlwind of market uncertainty. Wall Street anxiously awaits the economic consequences of these policies. On another front, European inflation has dipped for the second consecutive month, while Syria's White Helmets have returned to Damascus, marking a critical step in the nation’s recovery from civil conflict.
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Tariff Plan Insights
- President Trump's tariff plan aims to rebalance global trade, focusing on partners like China and the EU.
- Wall Street anticipates average tariffs between 10-20%, the highest since before World War II.
Market Reactions to Tariffs
- Markets crave certainty amidst tariff policy fluctuations.
- Equities react negatively to tariffs, while bonds and the dollar may strengthen.
Long-Term Economic Impact of Tariffs
- The Trump administration views stock market volatility from tariffs as short-term pain for long-term gain.
- However, tariffs act as taxes, potentially hindering global economic activity.