Trump says reciprocal duties will cowl all nations, plans Rose Backyard occasion

Trump has a behavior of firing off tariff feedback in Wall Road’s off hours, catching merchants off their guard.

The newest instance: The president urged on Sunday that every one US buying and selling companions shall be lined within the like-for-like tariffs anticipated to be specified by the April 2 “Liberation Day” announcement.

“You’d begin with all nations,” he advised reporters aboard Air Drive One, Reuters reported. “Primarily all the nations that we’re speaking about.”

That dented Wall Road hopes that the levies can be restricted to a number of buying and selling companions seen because the worst offenders on steadiness of commerce — the “soiled 15”.

Market spirits have been already low after being whiplashed by Trump’s switchbacks on tariffs. Final week was the fifth in six weeks that the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) ended the week within the purple.

They took one other bruising on Monday. US inventory futures slumped, following within the footsteps of markets in Asia and Europe, whereas gold (GC=F) surged to one more report.