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FT News Briefing

What Wall Street expects from Trump’s ‘liberation day’

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.
10:06

Podcast summary created with Snipd AI

Quick takeaways

  • Wall Street is looking for clarity on U.S. tariff policies, which are expected to rise significantly, affecting global trade dynamics.
  • The Syrian White Helmets are being integrated into the new government, showcasing their importance in crisis management post-civil war.

Deep dives

Impending Tariff Changes and Market Reactions

Significant changes to U.S. tariff policies are anticipated, with projections suggesting average tariffs could range from 10 to 20%. This would represent the highest average tariff rate in the U.S. since before World War II, primarily targeting major trade partners like China and the EU, which the White House has labeled as the 'dirty 15.' Wall Street reflects a desire for certainty regarding these policies, indicating that the market has been more impacted by uncertainties associated with tariffs rather than their potential severity. While stocks tend to react negatively to tariff announcements, bonds often benefit as investors seek safe havens amid diminishing growth expectations.

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