Donald Trump
Donald Trump
Out of context: Reply #11456
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"TRUMP FLOATS PLAN TO IMPOSE NEW TARIFF RATES
After progress with the U.K. and China, President Trump said the U.S. will stop negotiating individual trade deals and will soon notify countries of new tariffs for doing business in the U.S.
Despite this, markets held steady, with stocks slightly up Friday afternoon. However, consumer sentiment remains near record lows, with inflation fears above 7%, according to a University of Michigan survey. Housing data also disappointed, with starts up just 1.6% and permits down 4.7%.
Still, investors remain optimistic, citing strong earnings and easing U.S.-China tensions. Goldman Sachs' Alexandra Wilson-Elizondo noted that with tariffs sidelined for now, focus may shift to budget and tax issues."