Treasury Secretary Scott Bessent emphasized that individual investors have confidence in President Trump despite recent market volatility. Many individuals are holding their positions, contrasting with the anxiety seen among institutional investors.
After Trump announced plans to lower auto tariffs, global stock markets and the U.S. Dollar rose. However, concerns persist regarding the impact of tariffs leading to potential recessionary pressures on consumer behavior.
Economists warn that ongoing tariffs may contribute to a sluggish economic growth rate in the U.S., with data suggesting that traders are wary about the long-term repercussions for consumers and market dynamics.
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