US Tariff Threats No Longer Have Any Shock Value to Markets
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Donald Trump’s tariff threats are losing their shock value across asset classes.
The S&P 500 hit records last week even as the US president mused about slapping 25% tariffs across several industries — a move that would meaningfully widen the trade war. The missive was met with apathy in the Treasury market, where a measure of volatility is hovering near its lowest level in a year.