Although “the mood music with China has improved,” the bank’s chief economist still expects other tariffs increases—and sees “a meaningful risk that some of the paused ‘reciprocal’ tariffs will take effect after all.”
“The price of those policies will be first paid at the ports and then spread to the rest of the economy,” RSM’s Joseph Brusuelas wrote, referring to the president’s tariff and trade policies.
“The president putting this pressure on the Fed would not actually achieve his goal, if his goal is lower mortgage rates,” said Chen Zhao, Redfin economics head.
"We’ll just take whatever comes out of the tariffs as it comes at us, once it settles down," D.R. Horton CEO Paul Romanowski said on an earnings call Thursday.
“I’m more worried about the greater dynamic of these conflicts,” the Bridgewater Associates founder said after President Donald Trump pressed pause on some tariffs, but placed more on China.
The president pressed pause on some tariffs, but after a relief-fueled rally, stocks retreated less than 24 hours later and fears of inflation and a potential recession still swirl.
“Trying to negotiate individual trade agreements with 70 (or more) countries is difficult and will take time,” a research fellow for a libertarian think tank said.