OEXN: Trump values the markets, but his top priority remains tariffs.
Investors are grappling with President Trump's apparent indifference to recent market losses. A closer look at his remarks suggests a straightforward reason: his primary focus this term is on tariffs.
On Tuesday, Trump reiterated his stance, stating, 'Markets will rise and fall, but we must rebuild our country,' emphasizing his commitment to trade policies even as market volatility increases.
Despite mounting concerns over stagflation and escalating trade wars, Trump remains steadfast in his long-term vision of tariff revenue and reshaping the US trade system. While he has adjusted some tariff specifics—such as briefly imposing and then withdrawing a 50% tariff on Canadian steel and aluminum—his overarching tariff-first approach has remained unchanged.
This focus aligns with his 2024 campaign messaging, but it has caught traders off guard, as many had expected a market-friendly shift once he took office, similar to his first term.Publication date:
2025-03-13 11:49:01 (GMT)