The Trump tariff crisis is not over yet

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The story "The Trump tariff crisis is not over yet" was covered 3 days ago by Financial Times, a news publisher based in United States.

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Financial Times 3d ago

The Trump tariff crisis is not over yet - Financial Times

Quick Summary:

She uses the example of the pharmaceutical stocks that have been sold off lately on news that the Trump administration wants the production of pharmaceutical active ingredients to be moved onshore, as well as health secretary Robert F Kennedy Jr’s vaccine scepticism.

And if Trump’s grand ambitions are realised, the damage to stock prices might be permanent, as de-globalisation establishes a new regime of lower profitability and higher risk premiums.

As Fed chair Jay Powell said at a conference last week, tariffs were “highly likely to generate at least a temporary rise in inflation, [and] it is also possible that the effects could be more persistent”.