Expectation vs. Reality of Trump's Tariff Plans
Americans are expecting higher tariffs than what Trump is likely to impose on Canada, Mexico, and other trading partners. The media coverage has exaggerated the potential impact of the tariffs on U.S. consumers. The actual tariff rates are expected to be lower than anticipated, leading to a relief rally in the markets. Businesses may seek alternatives to avoid tariffs, making the impact lighter on Americans and harder on the countries facing tariffs.