100 Days In: Trump’s ‘Strategic Uncertainty’ on Tariffs Leaves Markets Guessing

Published: 04-24-2025, 05:00 pm | Updated: 04-24-2025, 09:50 am One of Wall Street’s most optimistic forecasters has dramatically cut their S&P 500 outlook as Trump’s trade policies threaten corporate profits. Deutsche Bank now expects the S&P 500 to reach only 6,150 by year-end (down from 7,000) and predicts corporate earnings will fall 5% this year instead of growing. The bank warns that the proposed tariffs would effectively raise import tax rates from 2.3% to 26.4%, creating an $800 billion burden on businesses that could only be relieved if the administration backs down on these policies.

Published: 04-24-2025, 03:30 pm | Updated: 04-24-2025, 09:46 am During finance meetings in Washington, Japanese Finance Minister Katsunobu Kato urged G20 countries to cooperate in stabilizing financial markets that have been disrupted by multiple factors. Kato specifically pointed to geopolitical issues like Russia’s invasion of Ukraine, as well as US tariff policies and the countermeasures some nations have taken in response, as sources of market instability and economic harm. He emphasized that the G20 must carefully monitor developments, share information, and coordinate responses to maintain economic stability. Kato also mentioned he would be meeting with US Treasury Secretary Scott Bessent