Trump is no longer from the stock markets

On the inauguration of the US President, I was told by a top American tech chief executive that although he was likely to be hit by retaliatory tariffs, he believed that any trade war would die.

“Trump dove lives with Jones’ response,” he said – some markets say “Trump Put”.

This means that whenever a White House was announced, feelings came out, the President will return after seeing a decline in a stock market.

The assumptions have now been replaced, after the President gave a TV interview in which he said how much he was transferred by the markets.

And a day after the US stock markets, the concerns of Trump’s policies fell rapidly on concerns, The President has decided to double tariff against Canada On steel and aluminum, in response to high fees for Canadian electricity, the value of about $ 100 per bill in New York, Minnesota and Michigan.

On Monday, Ontario Premier Dug Ford announced 25% overload on US-bound electricity And threatened to completely “close” the supply.

President Trump has said that he is rebuilding funds on decades or even a century in future, and it cannot be measured in the quarter results of the US stock market giants.

With the comments by his Treasury Secretary Scott Besant, the White House was communicating in the markets that the President now had some tolerance for short -term market and economic pain. It has changed calculus.

There are one and two factors in playing here. There are evidence of real potential reversal in American economic emotion, questioning a recession.

The very latest real -time analysis by the Atlanta branch of the US Federal Reserve predicts the falling American economy in the first three months of the year.

Government deductions can also contribute to such a reading, but the private sector spirit has also taken a hit, especially on tariffs by coci.

Above all, uncertainty threatens to be crippled. The policies change until the day, and even then can be retained.

The major US government departments are not completely clear towards traveling in the White House.

At the top of all this, in the case of Canada, suggests very little encouragement to make a possible election agreement.

In fact, when Trump says that when he wants to use the economic lens to make his northern neighbor his 51st state “, what is to compromise it?

The direction of travel here is to grow in intensity and scope for trade war.

New trade barriers on the European Union may emerge in three weeks based on “mutuality”.

As other nations see signs of re -emergence of inflation in the US, they are more likely to try to add it to American consumers to bring home to the consequences of their government’s decisions.

In the last fortnight, the world has learned that President Trump is serious about Tariff, even on his colleagues. They have been implemented in a vast way.

Major trade partners have compassionately recalled and are an incentive to increase the East. And the White House now wants to communicate that it has a high pain threshold for short -term economic and market disruption.

All roads lead to April 2 and declare on “mutual tariff”, and for now these stresses do not appear for a truss, ceasefire or break.