March 16, 2025

Federal Budget (US)

Investors

Trump Tariffs and Trade Wars Leave Investors, Once Optimistic, Feeling Apprehensive

President Trump made a lot of promises on the campaign trail last year. Investors and business leaders enthusiastically cheered some, like lower taxes and relaxed regulation, and expressed wariness about others, like tariffs and reduced immigration. But when Mr. Trump won the election, there was little sign of that ambivalence: Stock prices soared, as did

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