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Fortune
Fortune
Paolo Confino

Markets are starting to view Trump as more of a ‘pushover’ on tariffs than a protectionist, UBS economist says

Donald Trump United States Thierry Wizman Paul Donovan Inflation
President Donald Trump (Credit: Andrew Harnik—Getty Images)
  • President Donald Trump’s reciprocal tariff program is being viewed with mounting skepticism over whether it will ultimately go into effect or be used as a bargaining chip in international trade negotiations. 

Investors had waited with bated breath for news of the reciprocal tariffs President Donald Trump warned he would implement this week, but instead he announced they would be delayed to a future date. Rather than imposing tariffs right away, the president directed federal agencies to study them over the next several months.  

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