Following President Trump's inauguration, equity futures increased and the dollar fell, reflecting market optimism amid indications of a potential temporary halt on tariffs. Reports suggested that while Trump would not impose any immediate tariffs, he emphasized a focus on investigating persistent trade deficits, especially concerning China, Canada, and Mexico. The reaction in the markets was amplified due to thinner trading conditions as it was Martin Luther King Jr. Day. Analysts noted this cautious optimism could be overshadowed by future tariff impositions as investigations conclude.
President Trump's inauguration as the 47th President saw the market react favorably with equity futures rising amidst discussions of a temporary tariff reprieve.
Despite the temporary absence of tariffs, President Trump indicated a focus on investigating trade deficits, particularly with China, Canada, and Mexico, indicating potential future tariffs.
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