President Donald Trump is making headlines once again as the April 2 tariff deadline approaches. In a recent interview with Newsmax, Trump hinted that tariffs may be implemented in a more lenient manner than originally planned.
“I’ll probably be more lenient than reciprocal, because if I was reciprocal, that would be very tough for people,” Trump stated. He also mentioned that while there may be some exceptions, they will be minimal.
The White House later clarified Trump’s remarks, stating that the administration will no longer consider non-tariff barriers raised by other countries when determining reciprocal tariff rates. These barriers include factors like value-added tax, wage suppression, and currency manipulation.
This shift in stance on tariffs could ease concerns among investors who fear a global trade war could harm the U.S. economy. Recent reports have shown a decline in consumer and corporate sentiment, with the Conference Board reporting a 12-year low in consumer expectations for business, income, and labor.
Stocks have also been affected, with the S&P 500 dropping 3% in the past month and briefly entering correction territory. The uncertainty surrounding tariffs has caused volatility in the market, leading to concerns about the overall health of the economy.
In response to these challenges, CNBC is hosting an exclusive event at the New York Stock Exchange called CNBC Pro LIVE. This event will provide expert insights and networking opportunities for subscribers, offering a chance to gain an edge in today’s dynamic financial landscape.
With tickets limited, this event promises to be a valuable experience for those looking to navigate the uncertainties of the market. Don’t miss out on this opportunity to learn from industry experts and connect with other like-minded professionals in the finance world.
