Stakes high for investors as Trump's 'Liberation Day' tariffs loom

Then we can make some determinations, but at this stage in the game, it's unknown to us

the South Dakota Republican said

I really relish giving my Republican colleagues the chance to not just say they're concerned, but actually take an action to stop these tariffs,

he said

They’re always thinking of the politics of it,

Pippa said

There’s been a clear rotation out of US stocks this year, and into Europe,

Graeme said

I just don’t see how they could change that,

Pippa said

We’ve had plenty of volatility already this year, partly because many analysts were complacent about how disruptive Trump would be,

said Graeme Wearden, who runs the Guardian’s daily business liveblog

They remain hopeful he’ll row back quickly because they say a trade deal is ready to go,

she added

They’ve been aiming at an exemption ever since Trump was inaugurated,

Pippa, the Guardian’s political editor, said – one key reason that Peter Mandelson, a trade expert, was appointed as US ambassador

We may have, short term, a little pain. People understand that.”

And last month, of the tariffs on Canada and Mexico, he said

There’s what we would call kind of the ‘dirty 15,’ and they have substantial tariffs.”

He added

What’s going to happen on April 2: Each country will receive a number that we believe that represents their tariffs. For some countries it could be quite low. For some countries it could be quite high.”

In an interview with Fox News last month, Bessent said

The bottom line is in the face of uncertainty that's flirting at levels that we haven't seen since the pandemic or the financial crisis, you need to be diversified,

said Jack Ablin, chief investment officer at Cresset Capital

We are at a very tenuous spot, being at the bottom of a corrective trading range ... that leaves us poised for either a very sharp bounce or a scary breakdown,

Sosnick said

I think the market is really holding its breath,

said Mark Spindel, chief investment officer at Potomac River Capital LLC, who expects the so-called fear gauge to climb toward 30, a level associated with a high degree of risk aversion

I can't recall a situation where the stakes were this high and yet the outcome was so unpredictable,

said Steve Sosnick, chief strategist at Interactive Brokers

Ideally, we just get one number and then we can figure out the downstream impact,

said Sonu Varghese, global macro strategist at Carson Group

The market to some extent has discounted the cumulative negative effect of tariffs on potential economic growth and corporate profitability,

he said

But my fear is that we won't get that, or even if we get one number that will be subject to negotiations,

he said

CEOs are consistently saying they want to hike prices,

Alex Jacquez, CEO of the Groundwork Collaborative, a progressive thinktank and advocacy group, told reporters on Tuesday

The world has been ripping off the United States for the last 40 years and more,

Trump told NBC over the weekend