Trump says tariffs coming in April will ‘probably be more lenient than reciprocal’
President Donald Trump is facing pressure as the April 2 tariff deadline approaches, with investors concerned about the impact on the U.S. economy. In a recent interview with Newsmax, Trump hinted that the tariffs may be more lenient than reciprocal, stating that a reciprocal approach would be tough for people. He mentioned ongoing discussions about exceptions to the tariffs, but emphasized that there would not be too many.
The uncertainty surrounding the tariffs has already had an effect on consumer and corporate sentiment, with the Conference Board reporting a drop in consumer expectations to a 12-year low. This has led to a 3% drop in the S&P 500 over the past month, with the benchmark briefly entering correction territory.
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