Trump’s trade-offs

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Financial Times 1d ago

Quick Summary:

Donald Trump’s big bang, day one action on tariffs appeared, at first, to be almost nothing at all: a memo calling for the evaluation of US trade relationships.

In the evening, Trump told reporters he was “thinking of” putting 25 per cent tariffs on Canada and Mexico.“I think we’ll do it February 1,” he said.

Without big tech companies of their own, the European and UK indices somewhat resemble US mid-caps: decent margins, some international exposure, and a high proportion of value companies.