The announcement that cellphones, laptops, memory chips, and a number of other product categories would not be subject to tariffs caused U.S. markets to start marginally higher on Monday.
Trump said that he would be “flexible” on the subject, but he also cautioned that they may still be targeted.
That will be revealed shortly, and we will address it while simultaneously speaking with businesses. You must exhibit a certain amount of flexibility, you know. No one ought to be that inflexible.
In the meanwhile, corporate America is becoming more alarmed about the instability that the tariff war is bringing to the world’s financial markets.
According to a recent study, most of America’s leading business leaders are concerned that the nation may soon experience a recession.
According to Chief Executive, an industry association that conducts the study, 62 percent of more than 300 CEOs surveyed.
