Macro Insights Weekly - Persistence of tariff turbulence

August 1 has come and gone, but uncertainty related to trading with the US persists. President Trump is intent on weaponizing tariff for a variety of rationales. Don't expect an equilibrium.
Tariffs have been used to address an ever-expanding list of issues.
They range from trade imbalance to domestic job creation.
Investment in the US and purchase of US products are on the agenda too.
Tariff revenues are being sold as a means to reduce the fiscal deficit.
Non-economic objectives, as far as conflict resolution, are also being pursued through tariffs.