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Week ahead: Global sentiment sours as Trump's auto and reciprocal tariffs loom

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  Print publication without navigation Published in Business and Finance on by Euronews
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Trump's auto and reciprocal tariffs are set to rattle the global markets as sentiment soured amid recession fears. Key economic data, including inflation readings from the eurozone, employment change from the US,
The article from MSN discusses the potential economic impacts of former President Donald Trump's proposed auto and reciprocal tariffs. As Trump's influence in the Republican Party remains strong, his suggestions for imposing a 10% tariff on all imports and a 60% tariff on Chinese goods, along with targeting the auto industry, are causing concern among investors and economists. These policies could lead to higher costs for consumers, retaliatory measures from trading partners, and a possible escalation of trade wars. The article highlights the uncertainty these proposals bring to global trade relations, potentially souring global economic sentiment. It also mentions that while these tariffs are not yet in place, the mere discussion of them is influencing market behaviors and economic forecasts, with fears of inflation and reduced economic growth. The week ahead is anticipated to be pivotal as markets react to these looming policy changes.

Read the Full Euronews Article at:
[ https://www.msn.com/en-us/money/economy/week-ahead-global-sentiment-sours-as-trump-s-auto-and-reciprocal-tariffs-loom/ar-AA1BYyKY ]