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Trump's Tariff Shake-Up: Global Trade Faces New Challenges

On April 2, 2025, U.S. President Donald Trump announced sweeping 10% tariffs on imports from all trading partners, marking a significant escalation in global trade tensions. These tariffs, described as "baseline," aim to address what Trump perceives as unfair trade practices and chronic trade deficits. While the announcement has sent ripples across international markets, the specific impact on Canada remains uncertain. Canada, a close trading partner of the U.S., has previously faced tariffs on steel, aluminum, and energy imports under Trump's administration. The new measures could further strain bilateral relations and affect key Canadian industries. Prime Minister Mark Carney is reportedly preparing Canada's response, as the trade war becomes a central issue in the upcoming federal election. Trump's move has sparked debates among economists and policymakers, with critics warning of potential economic fallout and supporters praising the tariffs as a step toward ...
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US Stocks Stall as Fed Decision Day Arrives

                                             

Wall Street is on edge today as the Federal Reserve prepares to announce its next interest rate decision at 2 p.m. ET. Investors and Main Street alike are closely watching Chair Jerome Powell’s press conference following the decision. The stakes are high, and caution prevails as the market awaits any potential shifts in the Fed’s stance. Here are the current points

  • The S&P 500 opened flat, fresh off an all-time closing high.
  • The Dow Jones Industrial Average dipped 0.2%.
  • The tech-heavy Nasdaq Composite gained 0.2%.

While no change in interest rates is expected this afternoon, all eyes are on the “dot plot.” Analysts suspect that recent hotter-than-expected inflation readings and signs of strength in the US economy could prompt policymakers to forecast rate cuts in 2024, up from the previous three. This uncertainty could weigh on stocks and impact the recent rally.

Bonds are also in focus. Yields on the 10-year Treasury were slightly lower at around 4.28%, after rising over 20 basis points in the past two weeks. The Fed’s statement could further influence bond yields.

On the corporate front, luxury group Kering (KER.PA) (PPRUY) issued a warning that sales at its biggest brand, Gucci, fell 20% in the first quarter, causing shares to slump as much as 15% in Paris.

As the Fed’s decision looms, investors are treading carefully. The market awaits clarity on the central bank’s outlook for the months ahead. Buckle up for a potentially bumpy ride as the dot plot takes center stage! 

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