CNBC Daily Open: Tariff ‘flexibility' is not necessarily positive — it also signals uncertainty [CNBC]
Mastercard Incorporated (MA)
Last mastercard incorporated earnings: 4/29 08:00 am
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Source: CNBC
“Flexibility” connotes openness to change. U.S. President Donald Trump expressed Friday the possibility of being flexible with tariffs, which may have helped stocks tick up, pushing the three key U.S. benchmarks into the green for the week. But, in its suggestion of adapting to circumstances, “flexibility” also signals uncertainty, something anathema to the market. Trump's comments must also be taken into context. He qualified that “there'll be flexibility, but basically it's reciprocal,” and appeared to dismiss the idea of carving out exceptions for countries. In other words, the flexibility Trump espouses doesn't seem so much a one-sided benevolence but a strategy to bend others' wills. We will probably not have any clarification on how the reciprocal tariffs will play out until April 2, the date Trump said they would begin — provided he isn't similarly flexible with the start date. What you need to know today ‘Flexibility' with tariffs: Trump Trump told reporters Friday
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