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Trump Leaves Room for Further Tariff Adjustments
Summary: In a surprising move, President Trump's letter to the EU shattered recent optimism about reaching a temporary agreement to avoid higher tariffs. However, Trump did leave room for further adjustments. Chief Economist Brian Jacobsen of Annex Wealth Management wrote, 'Like previous letters, there are many conditions and terms that could lower these tariffs, which may ...
In a surprising move, President Trump's letter to the EU shattered recent optimism about reaching a temporary agreement to avoid higher tariffs. However, Trump did leave room for further adjustments. Chief Economist Brian Jacobsen of Annex Wealth Management wrote, 'Like previous letters, there are many conditions and terms that could lower these tariffs, which may be why the market is not fond of tariff negotiations, but also not panicking about it.'
