Celebrations seem very premature! Top trading partners, Canada, Mexico, China, full tariffs remain. Recession still on.

[Doodley]

The announcement of a 10% universal tariff by the U.S. Treasury Secretary, Scott Bessent, initially included Mexico and Canada, causing confusion.

SNIP

The White House quickly moved to correct the misunderstanding, clarifying that Mexico and Canada are not subject to the 10% tariff. This clarification aligns with the broader strategy of reciprocal tariffs under the Trump administration. The decision to exclude these countries underscores the importance of maintaining strong trade ties within North America, as outlined in the USMCA. The clarification aims to stabilize trade relations and reassure both nations of their continued preferential status.

The universal tariff forms part of a broader strategy by the Trump administration to address trade imbalances. A 90-day partial moratorium accompanies the tariff, allowing for adjustments and negotiations. However, this moratorium does not apply to China, where tariffs will increase to 125%.

https://www.msn.com/en-us/money/markets/white-house-clarifies-mexico-and-canada-exempt-from-10-universal-tariff/ar-AA1CCZ1m?ocid=finance-verthp-feeds

[Klarkashton]

1. They don't know WTF they are doing. Trump is yelling

And ranting like a wild animal and these billionaires don't know what to do.
All those assholes will quit or be fired in the next few weeks.
This is a shit shit shit show.

[SunSeeker]

2. Agreed. We're still headed for recession. And consumer prices will skyrocket.

The 125% tariff on China means prices at Dollar Tree will double. And with 10% tariffs still on for the rest of the world, that means food, cars and virtually everything we buy will still go up sharply.

So I don't know why people are breathing a sigh of relief over this alleged "pause."

[Meowmee]

3. Yes, those were my thoughts, they would be crazy to remove any tariffs against the US

[GusBob]

4. I don't know

I don’t pay attention enough to know jack about money stuff, except I think the stock markets and the economy are 2 separate entities

[roamer65]

5. Dollar liquidity is fast drying up.

Watch the basis trade in the treasuries market.

Not good.

[NCDem47]

6. And who knows what Trump will do...

… in 90 days or 90 hours.

[Jack Valentino]

7. .... or 90 minutes or 9 minutes... ?

[misanthrope]

8. The day-to-day isn't as important as the overall whipsaw

The volatility is what damages the longterm.