Economic uncertainty, which suffocates investment and growth, is literally off the chart.
The Economic Policy Uncertainty Index from the Financial Times provides a snapshot of market instability.
Updated tariff rates:
10% for all countries except -
China - 145%, not the 125%
Mexico, Canada: USMCA complaint goods 0%, non-compliant 25%, energy and potash 10%.
No pesky equations were used to derive these numbers.
U.S. markets are currently down 4%-5%.
https://bsky.app/profile/jburnmurdoch.ft.com/post/3lmhrwfwkak2h
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John Burn-Murdoch (@jburnmurdoch.ft.com)
Economic uncertainty update: The thing about veering wildly between policy positions, favouring and then discarding a new maverick advisor each week, and using contradictory justifications at every turn, is that even if one particular pivot is in the direction of sanity, chaos is the constant.



