Trump's tariff back and forth spooks market

Effects from the recent economic decisions by the US government could be seriously damaging to investor confidence in the country as well as possibly reigniting the higher inflation trend.

Last week, a US federal court ruled the tariffs “exceed any authority granted to the president”.

However, the following day, an appeals court agreed to a temporary pause in the decision pending an appeal hearing. The Trump administration is expected to take the case to the Supreme Court if it loses.

What this means for insurers is increased instability. Volatility in the markets and hesitance from many in the market to make big decisions until the situation sorts itself out.

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