The Market’s ‘Million-Dollar Question’ for 2Q

Tom Essaye reacts to trade developments between the U.S. and Canada over the weekend and what he thinks the administration’s strategy is now. “The market is hitting all time highs ahead of [the July 9 trade deadline]” because of the TACO trade, he posits but explains why that’s also an oversimplification. The “million-dollar question” for the second half of 2025 is whether tariffs will slow the economy. He comments on the lawsuits against the tariffs and the potential for trade deadline extensions.

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