President Trump has launched cold water on the negotiation of agreements with business partners, triggering a market sale on Tuesday by investors hoping for the clarity of the White House tariff plans. At a meeting with Canadian Prime Minister Mark Carney, Trump supported That his administration must not “sign agreements”, an apparent back-round of his own senior officials, who have promised progress. “They want a piece of our market,” said Trump. “We don’t want a piece of their market.”
The comments led to a drop in stock prices on the heels of a drop on Monday which followed a sequence of nine victories in session, its longest since 2004. The S&P 500 slipped by 0.77%, investors also providing for a decision of the Federal Reserve later this week on the question of whether the central bank will hold stable interest rates.
The rabbit stroke between Trump and his advisers reflects increasingly unstable macro-conditions, companies awaiting clear advice on the commercial position of the United States government.
Continuous uncertainty
Since the Trump administration organized its April revelation of the “Liberation Day”, where Trump announced rigid and large -scale prices against trade partners, the markets could not take up regularly due to declarations of movement of the White House.
A rotation of the main officials of Trump, including the Treasury Secretary Scott Bessent and the Commerce Secretary Howard Lutnick, referred to imminent trade agreements with high -level allies such as India and Japan, stimulating the actions to be climbed in the past two weeks. Trump’s comments on Tuesday stimulated a renewed negative feeling.
Accommodation Carney to the White House, Trump reiterated his prices policy against Canada, as well as his insistence that Canada is expected to be part of the United States “who met Canada owners in the past campaign, it is not for sale,” said Carney. “Never say,” said Trump.
However, more substantial was the wider comments of Trump at the meeting on the signing of new arrangements with other partners. While advisers like Bessent and Lutnick, as well as Trump himself, reported that the United States could soon conclude agreements, Trump said he was tiring of the discussion. “I want them to … Stop asking, how many offers are you signing this week?” Said Trump.
Technological actions, including Meta and Amazon, decreased modestly on Tuesday.
While the White House Gaking on tariff negotiations, the Fed interest rate decision will be the next major signal for investors. Analysts expect the central bank to hold stable rates, although Trump continues to apply pressure on president Jerome Powell at reduced rates, arguing on his social media platform Truth social that there is “no inflation” and citing incorrect gas and egg price. Jim Reid of Deutsche Bank wrote that the bank economists expect the following rate to occur in December.
Consumers could soon start to feel the impact of the White House political decisions. The chief economist of RSM, Joseph Brusuelas, wrote in a note on Monday that a recession induced by the prices could start on the quays of Los Angeles, caused by the rise in prices and unemployment linked to the supply chain.
“The price of these policies will first be paid in the ports, then distributed to the rest of the economy,” wrote Brusuelas.
This story was initially presented on Fortune.com
