‘Brace for impact’: Economists and market strategists react to trade ...

20 hours ago · Economists and market strategists are weighing in on the U.S. executive order that will impose steep tariffs on Canadian goods and energy and initiate a historic trade war with its …

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Wall Street Braces For Market Impact After Trump Tariffs

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11 hours ago · Goldman Sachs economists have estimated that across-the-board tariffs on Canada and Mexico would imply a 0.7% increase in core inflation and a 0.4% hit to gross …

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Economists Rush To React To Trump’s Moving Tariff Targets

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2 days ago · President Donald Trump’s vow to unleash 25% tariffs on goods from Mexico and Canada has sent economists racing to estimate the impact on businesses and households …

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With Tariffs Signed, Trump Warns Of ‘pain’ To Come For Americans

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17 hours ago · As industries brace for the new tariffs — 25% on goods from Mexico and Canada, and 10% on imports from China — it remains to be seen how long it will take for higher costs …

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How Trump Tariffs Will Impact The Global Stock Market - Bloomberg

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2 days ago · As Trump Tariffs Near, World Braces for Stock Market Spillover US president to put 25% levies on Mexico, Canada on Saturday Autos, miners, chipmakers among groups …

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Stock-Market Outlook: Recession Fears Jump On Trump Trade-War …

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Nov 11, 2024 · Trump's proposed trade war raises the chances of a US recession to 75%, Wall Street strategist says Matthew Fox 2024-11-11T17:26:41Z

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FAQs about ‘Brace for impact’: Economists and market strategists react to trade ... Coupon?

How did Trump's trade war affect global markets?

NEW YORK — Global markets buckled up for a turbulent session on Monday after President Donald Trump launched a trade war with sweeping tariffs on Canada, Mexico, and China that threaten to undermine economic growth and reignite inflation. U.S. stock futures slumped in early Asian hours, with Nasdaq futures down 2.35% and S&P 500 futures 1.8% lower. ...

Are markets worried about a trade war?

Positives in the market include new highs in U.S. and European equities, Treasury yields falling, and spreads on emerging-market bonds falling to their lowest levels since 2007, according to Ned Davis. None of that indicates a market worried about a trade war. ...

How will trade dynamics affect financial markets?

“This makes the whole of North America much less competitive, relative to Europe and Japan.” The rapidly shifting trade dynamics are likely to cause turmoil in supply chains and have an impact on financial markets, assuming they go into effect as announced. ...

Should the bank of Canada reduce the target policy rate?

Given our revised baseline economic forecast for Canada (incorporating U.S. tariffs plus retaliation), we believe it would be appropriate for the Bank of Canada to reduce the target policy rate aggressively/quickly. At this juncture, cumulative easing has totaled 200 bps (5% peak to 3% current). ...

Will a trade war plunge Canada into recession?

Wall Street futures tumbled as investors considered what a full-blown trade war might mean to the U.S. economy. TSX futures followed sentiment lower. As The Globe reports, the worst shock to global trade in nearly a century is expected to plunge Canada’s economy into recession this year. ...

How will higher prices affect jobs?

Job losses should be expected across industries, from manufacturing to tourism to transportation. Higher prices decrease demand, which means aggregate demand for goods across the U.S. and Canada would drop — leading to fewer jobs. ...