In This Article:
Uncertainty about US President Donald Trump's tariff policy weighs on US stocks (^DJI, ^GSPC, ^IXIC) as Trump reiterates April 2 as the implementation date for reciprocal tariffs, but Treasury Secretary Scott Bessent says the market correction is "healthy."
AGF Investments chief US policy strategist Greg Valliere pushes back on this sentiment, saying, "You can't ignore how nervous the markets are."
To watch more expert insights and analysis on the latest market action, check out more Catalysts here.
April second is a liberating day for our country. It's gonna be reciprocal. In other words, whatever they're charging, we're charging. Very simple. If they're charging us, we're charging them. That's no longer. They charge us, but we don't charge them.
The latest movement rapidly escalating trade tensions between the US and its largest trade partners. Previous tariff announcements have roiled US markets and fueled stagflation concerns. Greg Valliere, AGF Investments chief US policy strategist is joining us now with more. Greg, great to speak with you here. We've had a lot of investors telling us throughout the morning that we're just in a pause moment. We're in a wait and see moment here. At what point does the wait and see, particularly over policy coming from the White House, start to cause serious pain, both in the stock market, but also in the economy?
Well, I I think it already has. Good to see you. Good morning. I I think this is going to continue to be an irritant, and they'll they'll right up until April second, there's going to be, you know, will they or won't they? You know, what does Howard Letnik say? Does he change his mind? It it's a hell of a way to run a government, and I think this confusion is going to persist.
The Treasury Secretary Scott Beson just says that this is a healthy market correction. Do you disagree?
Yes, absolutely. Uh he's he's a lot richer than me and probably smarter too, but I would say that uh that he's he's not right. I I think the markets are really jittery. And you you you can't ignore how nervous the markets are right now. And I again, I think this is going to persist for quite a while.
