Power & Politics Campaigns confront a global tariff shock and a defiant Trump
Apr 7, 2025
Mark Zandi, Chief Economist at Moody's Analytics, unpacks the dire economic consequences of Trump's tariffs, predicting looming recession risks. Rob Russo shares insights on how these trade tensions are shaping the political narratives in Canada. Jordan Leichnitz analyzes the evolving Canadian landscape and how party leaders adapt their strategies in response to economic turmoil. Rachel Siegel discusses the political fallout related to resource management, highlighting the competition between Conservatives and NDP amidst rising public concern over tariffs.
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Market Impact
- Donald Trump's trade war impacts global markets, affecting savings and investments.
- Party leaders position themselves as the best choice to navigate the economic uncertainty.
Market Volatility
- Markets experienced volatility due to Trump's trade war, influenced by an unverified rumor about a tariff pause.
- Investors seek clarity and doubt Trump's commitment to the tariffs.
Inconsistent Policies
- Trump's trade policies are unclear and inconsistent, causing confusion in the markets.
- Despite promises to allies like Israel, Trump's tariff decisions remain unpredictable.