What's Happening
President Donald Trump reiterated his commitment to tariffs during his State of the Union address, emphasizing their role in protecting American industries. Despite a Supreme Court ruling against some tariffs, Trump plans to utilize other trade tools to maintain pressure on global competitors.
Market Impact
The continued tariff rhetoric is expected to keep the U.S. dollar under pressure and could lead to increased volatility in global supply chains, affecting sectors reliant on international trade.
Broader Implications
This approach underscores a shift towards economic nationalism, potentially straining international relations and complicating trade negotiations with key partners.
