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US stocks rallied on Monday following indications from US President Trump that tariffs may be more targeted than anticipated. However, just when there were hopes that the US market was beginning to regain its old moxie, weak consumer confidence readings released on Tuesday hampered the mood.
Another week and another tariff announcement. On Monday, Trump said he would be reinstating the 25% levy on steel imports from his first term and increasing tariffs on aluminium imports to 25%, writes Ian Slattery.
Major US equity markets declined last week as last weekend’s tariff announcements continued to be digested, writes Ian Slattery.