Why has Donald Trump held fire on tariffs?
D onald Trump started his new presidential term with an unexpected show of restraint. Just a couple of months ago, Mr Trump had warned that he would announce hefty new levies on his first day back in the White House. Instead, he opted for a softer opening. He was set to issue a presidential memorandum, calling for an “America first” trade policy and a review of commercial relationships with China, Canada and Mexico. His measured start prompted relief in government offices and on trading floors around the world. Foreign currencies and stocks rallied.
For one thing, 2024 saw the second-weakest rise in nominal GDP since the 1970s
The country is no longer the most populous without a bourse
New economic research suggests so
The innovative form of insurance is reaching its limits
It is a finite, sequential, incomplete information game
Bankers have plenty of reason to be hopeful
https://www.economist.com/finance-and-economics/2025/01/20/why-has-donald-trump-held-fire-on-tariffsA source: www.economist.com/finance-and-economics/2025/01/20/why-has-donald-trump-held-fire-on-tariffs
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