Insights
Apr 04, 2025
Federal Reserve is unlikely to rescue markets and economy from tariff turmoil anytime soon
Should the president hold fast to his tougher-than-expected trade policy, there's a material risk of at least near-term costs.
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Apr 04, 2025
U.S. tariff rates under Trump will be higher than the Smoot-Hawley levels from Great Depression era
Evercore ISI strategist Sarah Bianchi said the new policies put the effective tariff rate above the level of around 20% set by 1930's Smoot-Hawley Tariff Act.
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Apr 04, 2025
Trump will ‘buckle under pressure’ if Europe bands together over tariffs, German economy minister says
U.S. President Donald Trump could change his trade policies if he comes under pressure from trading partners, German economy minister Robert Habeck suggested.
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