"Strategic uncertainty" Trump continues to influence the US economy

Americans frequently have large cognition of marketing. However, there may be more than doubts as to whether the justification given on Tuesday by the Treasury Secretary Scott Bessent (63) that "strategic uncertainty" is part of tariff negotiations, will calm the current concerns of US business leaders about tariffs.

After respective days of rising prices, on Tuesday the informing signals from U.S. companies increased again, resulting in a fall in prices on US stock exchanges. car maker Ford estimates that duties will cost him 1.5 billion dollars. Due to uncertainty, he refrained from formulating forecasts. Toy maker Mattel besides did not want to make any statements about the future in the current situation.

Bessent promised on Tuesday that possible trade agreements would be concluded within a week. However, he did not give any details of which countries were involved. According to him, USA they are presently negotiating with 17 major partners. However, as he claims, no negotiations have been held with China.

USA with fresh evidence trade deficit

The threat of tariff introduction already affects the U.S. trade balance. According to data published on Tuesday by the U.S. Department of Commerce, the US trade deficit increased in March to evidence $140,5 billion due to an earlier increase in imports. A immense increase of 14 percent.

In Europe, the European Commission and United Kingdom adapt to fresh realities. According to reports from the Bloomberg news agency, the EU is considering imposing additional tariffs on US goods worth $100 billion unless agreement is reached in a tariff dispute with the US.

EU works on 100 billion

Possible retaliation measures will be presented to the associate States on Wednesday. However, the information agency, citing sources acquainted with the case, reported that it would most likely be at least another period before the final list was decided.

"We don't feel weak," stressed the EU Commissioner for Trade before the European Parliament on Tuesday Maroš Šefčovič (58). As he explained, no solution that would not be fair to the Union should be accepted, indicating a strong interest in different economical regions. Negotiations on free trade agreements with IndiaIndonesia, Thailand and Malaysia. However, any of these measures have been going on for many years and there is no fast agreement on the horizon.

As Šefčovic said to members of the European Parliament, the fresh duties introduced by the president of the United States presently apply to 70 percent of European exports to the USA. If another sectors are taken into account, that percent may be 97 percent. The USA is threatening, among others, peculiar duties on pharmaceutical products and semiconductors.

Britain has concluded a free trade agreement with India

Meanwhile, Britain and India announced a broad free trade agreement on Tuesday. This is an “ambitious and beneficial agreement for both sides” that will aid “promot trade, investment, growth, occupation creation and innovation in both our economies”, said the Prime Minister of India on Tuesday on the website X Narendra Modi (74). British Prime Minister Keir Starmer (62) spoke of a "breakdown" agreement.

The intent of the agreement is to reduce to zero 85 percent of Indian customs duties on goods imported from the UK over the next 10 years. Import subsidies for whisky and gin will be reduced from 150 to 75 percent, with only 40 percent after 10 years. The duties on British cars will be reduced to 10 percent, to an unspecified level of over 100 percent. In return, Britain will reduce customs duties on imports of clothing, footwear and food, specified as frozen shrimps from India. However, given the tense global situation, this message did not bring real joy to the British stock exchanges.