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Trump’s trade deals may support the S&P 500, offering nervous investors an opportunity to sell

The president’s tariffs could put the Fed’s dual-mandate goals of maximum employment and stable prices in conflict with each other

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Ben Paul

Ben Paul

Published Mon, May 12, 2025 · 07:00 AM
    • A string of unfinished trade deals could give Trump a pretext to roll back tariffs if the economic pain becomes too much to bear.
    • A string of unfinished trade deals could give Trump a pretext to roll back tariffs if the economic pain becomes too much to bear. PHOTO: BT FILE

    [SINGAPORE] More than a month after US President Donald Trump’s “Liberation Day”, he is giving the world a glimpse at what it will take to get him to relent on the hefty tariffs he has slapped on most of America’s trading partners.

    And the mood in the market seems to be improving.

    Last week, the US and UK announced an “economic prosperity deal”, in what could be the first of a number of similar agreements with other nations.

    Trump tariffsUS stocksGlobal equitiesGlobal capital flows

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