Trump Announces Additional Tariff Details; Fed's Goolsbee Delivers Remarks.

SOSO

Trump Announces Additional Tariff Details; Fed's Goolsbee Delivers Remarks.<hr/>Market Performance:<li>U.S. major indices decline across the board: Dow drops 0.63%, Nasdaq falls 0.22%, S&P 500 down 0.33%</li><li>Chinese ADRs mixed, Hong Kong stocks broadly higher</li><li>European markets decline, Asian and emerging markets show mixed results</li><hr/>Here’s today’s SoSoMacro Recap — spotlighting the key signals driving markets at this moment:1. Trade Negotiations Progress: U.S. media reports the administration plans to grant India tariff rates below 20%. Trump plans to impose hefty 35% tariffs on Canada and is considering 15% to 20% tariffs on countries that fail to reach agreements.2. Chicago Fed President Goolsbee Remarks: Goolsbee emphasized the need for caution before cutting interest rates, noting that tariff policies could exacerbate inflation uncertainty.