Digest | 26 March 2025
- Edward von der Schmidt
- Mar 26, 2025
- 4 min read
Updated: Apr 21, 2025
Trading narratives took center stage even as Wednesday's major announcement came after the close. With global equities languishing and the dollar strengthening, the US announced tariffs of up to 25% on imports of finished automobiles and components, effective April 3. The measure will accompany "reciprocal" tariffs yet to be finalized but due April 2. GOP lawmakers continued to negotiate notwithstanding differences on budgetary offsets as the CBO pointed to an August hard stop before a debt ceiling breach. Inflation remained Fed officials' chief concern.