Markets react anxiously to Trump tariffs
Markets react anxiously to Trump tariffs
10 Mar 2025
Fears that the Trump administration’s aggressive tariff policy could weaken US economic growth prospects saw the biggest monthly fall in US consumer confidence since August 2021 over February. A sharp sell-off in US equities unfolded during the month.
Month in brief
- US consumer confidence experienced its biggest monthly decline in over 3 years during February
- US stocks suffer but UK and European equities rose
- UK inflation rose to 3% but the Bank Rate was cut to 4.5%
- Bond markets were much more stable over February