Why markets may soon call Trump’s tariff bluff


US President Donald Trump. — AFP

THREE months after United States President Donald Trump announced plans to impose sweeping new tariffs on most countries, the United States economy appears surprisingly resilient.

The stock market has rebounded from its initial slump, inflation remains under control and fears of a recession have receded, or at least they had before Trump announced a new 30% tariff on imports from Mexico and the European Union (EU), two of America’s biggest trading partners.

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