How Trump muddles the stock market by Tej Parikh
https://www.ft.com/content/01867873-d328-40d9-85c5-9a5db992354e
That US stock markets are trading at historically rich valuations at a time when import duties are close to their highest in a century (and when rates could remain elevated) is unsettling.
While optimism around AI and tariff resilience are both driving the S&P 500 higher, noise is undoubtedly complicating price discovery. Sooner or later economic reality will catch up. Flooding the zone can delay a reckoning — but it can’t prevent one.
Trump’s New Trade Order Is Fragile
https://www.wsj.com/economy/trade/trumps-new-trade-order-is-fragile-ef8bb49a
One-sided deals lack the staying power of past negotiations.
https://www.ft.com/content/01867873-d328-40d9-85c5-9a5db992354e
That US stock markets are trading at historically rich valuations at a time when import duties are close to their highest in a century (and when rates could remain elevated) is unsettling.
While optimism around AI and tariff resilience are both driving the S&P 500 higher, noise is undoubtedly complicating price discovery. Sooner or later economic reality will catch up. Flooding the zone can delay a reckoning — but it can’t prevent one.
Trump’s New Trade Order Is Fragile
https://www.wsj.com/economy/trade/trumps-new-trade-order-is-fragile-ef8bb49a
One-sided deals lack the staying power of past negotiations.
Why Markets May Soon Call America’s Tariff Bluff
Markets' trade deal euphoria ignores tariff reality
https://www.reuters.com/markets/markets-trade-deal-euphoria-ignores-tariff-reality-2025-07-24
https://www.reuters.com/markets/markets-trade-deal-euphoria-ignores-tariff-reality-2025-07-24
Trump’s Tariffs Are Being Picked Up by Corporate America
https://www.wsj.com/economy/trade/trumps-tariffs-are-being-picked-up-by-corporate-america-0befd9bd
Neither consumers nor foreign countries are assuming much of the tariff burden. At least not yet.
https://www.wsj.com/economy/trade/trumps-tariffs-are-being-picked-up-by-corporate-america-0befd9bd
Neither consumers nor foreign countries are assuming much of the tariff burden. At least not yet.
Trump’s Self-Defeating Trade Agenda
https://www.project-syndicate.org/commentary/trump-tariff-war-makes-no-economic-sense-by-anne-o-krueger-2025-07
https://www.project-syndicate.org/commentary/trump-tariff-war-makes-no-economic-sense-by-anne-o-krueger-2025-07