Trump's tariff strategy actually seems to be working. Countries seem anxious to negotiate trade deals in order to maintain access to the US marketplace.
Of course willing to negotiate and coming to a deal are not the same thing but it seems to be moving in the right direction.
The Fed is still concerned about possible tariff fueled inflation so a rate cut in July looks up in the air but not completely off the table. Trump has made it clear that he will replace Jerome Powell as fed chairman when his term expires.
The stock market has sort of almost recovered from the series of shocks it experienced but is still very volatile and jumpy.
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