The end of the world, or an artificial crisis?
Bimodal tariff threat leaves investors grappling with uncertainty
Shortly after the US open on Monday, April 7, the S&P 500 surged more than 6% on news reports that a key US economic adviser had said president Donald Trump would consider a 90-day pause on his programme of reciprocal tariffs. The headline turned out to be unfounded, and an hour later the market had reversed its gains.
Fake news or not, the speed of the rally and its subsequent reversal, showed how binary markets have become in the days since the US announced details of its sweeping tariff
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