Tariff uncertainty refuses to die down, and just when it seemed that the U.S. was moving forward on trade deals with key trading partners, the Supreme Court voided President Donald Trump’s tariffs. President Trump, who has made tariffs a central focus of his economic and foreign policy, responded by imposing a new 10% global tariff, which he soon raised to 15%.
U.S. stocks fell yesterday, Feb. 23, although the decline wasn’t as severe as the one last year, when Trump’s sweeping “Liberation Day” tariffs spooked markets. Meanwhile, one asset class that has been shining under Trump’s presidency is gold, and the precious metal rose to a multi-week high yesterday amid all the uncertainty.
