2025-03-31
14 分钟Markets brace for a big week of trade announcements as the US Puts universal tariffs back on the table.
So what we're seeing is what the world's largest banks have been doing really for the last several weeks now,
which is essentially escalating their warnings about the American economy.
Plus,
President Trump threatens sanctions on Russia as Ukraine peace talks stall and Apple's satellite expansion plans land it in space crosshairs.
It's Monday, March 31st.
I'm Luke Vargas for the Wall Street Journal and here is the AM Edition of what's news,
the top headlines and business stories moving your world Today.
Tariff week is upon us.
President Trump has set Wednesday as Liberation Day when he'll pull back the curtain on a range of new levies.
And even as that deadline nears,
we report that the administration is still scrambling to nail down the specifics,
including whether to impose individualize tariffs on specific trading partners or reach for across the board tariffs potentially as high as 20%.
That would affect virtually every country doing business with the U.S. that's according to people familiar with conversations between the president and his team in recent days in which he's pushed them to be more aggressive.
Trump for months promoted the idea of universal tariffs during his campaign,
but later ditched the idea in favor of a so called reciprocal tariff plan.
Administration officials said that that reciprocal plan is still on the table,
but that whatever is unveiled on April 2, Trump wants the policy to be big and simple.
Well,
suffice it to say market watchers care a great deal about where the president lands on his tariff strategy.