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Strategist | strategy-catalyst

Trump unveils new “reciprocal” tariffs, and then offers a pause after days of market turmoil

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Relevant Roles:
Chief Strategy Officers

On April 2—a date that President Trump referred to as “Liberation Day” for domestic manufacturing—the Trump administration rolled out a new set of “reciprocal” tariffs on approximately 60 U.S. trading partners. Financial markets reacted strongly to the news, with major indices like the S&P500 and Dow Jones average falling more than 10% in the week that followed.

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