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President Donald Trump stated that tariffs scheduled to take effect on April 2, 2025, will likely be “more lenient than reciprocal,” offering a softer approach to the tariffs imposed on certain goods. In a Newsmax interview, Trump explained, “If I were reciprocal, that would be very tough for people,” adding that while there will be some exceptions, they will be limited.
This announcement comes as concerns grow that more stringent tariffs could dampen consumer confidence and harm the economy. The Conference Board reported a drop in consumer expectations to a 12-year low, while the S&P 500 faced a 3% dip over the last month, entering correction territory.
The looming tariff changes have investors on edge, as they worry that any escalation in trade tensions could exacerbate economic uncertainties.
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