Tariffs up. Markets down
A stunning rollout of new taxes astonishes traders
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Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
On April 2, in the Rose Garden of the White House, President Donald Trump announced taxes on almost every kind of imported finished goods. Markets plunged as traders fled equities, and even the dollar weakened. Today on the show, Rob Armstrong and Aiden Reiter go over the tariffs and discuss how they will make it harder for American companies to make money. Also they go long TIPS, and short the fortunes of the American consumer, who will have to pay for all these new levies.
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You can email Robert Armstrong and Katie Martin at unhedged@ft.com.
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