Deutsche Bank has a wake-up call for analysts who denied Trump would deliver on tax rhetoric—but UBS is questioning how quickly the White House may retreat.

In times of trouble, investors look to the bond market for signals about the economy. So far, the corporate-debt market has shrugged off President Trump’s tariff announcements. After a brief disruption in debt issuance,

U.S. President Donald Trump's initial tariff actions against Canada, Mexico and China sparked a rise in broad market volatility and a rush to take guard against increased ructions across asset classes from stocks to currencies.

Just about everyone thought it was a bluff. Top analysts from the biggest banks on Wall Street said it was highly unlikely. Stocks were trading like it wouldn’t happen. Some companies built contingency plans,

U.S. stocks initially fell sharply on worries about President Trump's tariffs but pared their losses after Mexico said it had negotiated a one-month reprieve.

President Donald Trump’s weekend announcement of tariffs on Mexico, Canada and China were translating into a shock for market-based inflation expectations, prompting traders to now expect an annual headline rate from the consumer-price index that’s closer to 3% for much of 2025.

The German and French stock markets were down about 2%, with shares in carmakers among the worst hit, while London's FTSE 100 dropped more 1%. The US dollar also strengthened on the currency markets,