Trump Reverses Tariff Plans Amid Market Jolts

US President Donald Trump has shifted his tariff policies in a surprise move that signals turbulence for investors and corporate America. This recalibration of his plans marks a significant departure from his campaign promises. Initially, it seemed unlikely that Trump would implement steep tariffs on imports from China, Mexico, and Canada. However, the White House has since altered its stance, leaving investors and business leaders to navigate uncertain market conditions ahead.

Source: https://www.bloomberg.com/news/articles/2025-01-21/trump-tariff-shifts-are-a-warning-for-corporate-america