Markets Remain Uneasy as Trump Prepares to Impose Sweeping ‘Reciprocal’ Tariffs

Donald Trumppresident

That word reciprocal is very important,

Mr. Trump told reporters

Oren Cassamerican Compass founder and chief economist

If you want auto companies to build more domestic plants, if you want steel companies to expand domestic production, they need to have some understanding of what the long-term outlook is for tariff policy,

Cass said

I don’t think anybody thinks it’s going to go well,

said Michael Strain, the director of economic policy studies at the American Enterprise Institute

We’re not ignorant of it,

said a White House official, who was granted anonymity to speak frankly about the potential fallout from new levies

You’re going to see in two days,

he told reporters in the Oval Office

The headlines will probably be pretty clear. I’m not sure the details will be,

said Richard Bernstein, a former top investment strategist at Merrill Lynch who now leads his own $16 billion investment firm