President Trump threw cold water with transactions with transactions with transactions, creating market sales investors on Tuesday, hoping for clarity about the white house. At a meeting Canadian Prime Minister Mark Carney, Trump disputed The fact that his administration does not have to “sign transactions” is a seemingly return from his own top officials who have promised progress. “They want a piece of our market,” Trump said. “We don't want a piece of their market.”
The comments led to a drop in stock prices on Monday, followed by nine sessions of victory, the longest since 2004. The S&P 500 slipped by 0.77%, with investors waiting for the Federal Reserve's decision at the end of this week, whether the central bank interest rates remain.
The whip between Trump and his counselors is an increasingly unstable macro conditions, with companies waiting for clear guidance on US government trade.
Continuing uncertainty
After the Trump administration organized its April “Liberation Day”, where Trump announced strong and extensive tariffs against trade partners, the markets have failed to permanently obtain a support point due to declaration declarations from the white house.
The rotation of Trump's main officials, including the secretary of the Treasury, and the Secretary of Trade Howard Lutnicki, has hinted at the upcoming trade transactions with cutting -edge allies such as India and Japan, which have spent in the last few weeks. However, Trump's comments on Tuesday encouraged negative feelings.
Host In the Carney White House, Trump repeated his tariff policy against Canada, as well as the demand that Canada should become part of the US, “has met with Canadian owners during the last several months of campaign,” said Carney. “Never say,” Trump replied.
However, Trump's wider comments at the meeting on the signing of new agreements with other partners. When counselors like Bessent and Lutnick, but Trump himself has signaled that the US could soon achieve transactions, Trump said he was tiring. “I wish they … stop asking, how many offers will you sign this week?” Said Trump.
Technology, including Meta and Amazon, fell modestly on Tuesday.
Although the White House waffles on tariff lubricants, the FEDI interest rate decision to investors is the next major signal. Analysts hope that the central bank will keep interest rates steady, although Trump continues to put pressure on Jerome Powell to lower him by claiming the truth of his social media platform on social social. incorrect Prices for gas and eggs. Deutsche Bank Jim Reid wrote that the bank's economists expect the next rate to take place in December.
Consumers may soon have begun to feel the influence of the political decisions of the White House. On Monday, Joseph Bruselas, the chief economist of RSM, wrote in a note that the recession caused by tariffs could begin with Los Angeles docks due to supply chain prices and unemployment.
“The price of these policies is first paid in the ports and then spreads to the rest of the economy,” Brusuela wrote.
This story was originally reflected on Fortune.com
