Tariff uncertainty has “paralyzed” households and businesses across America, according to Former Treasury Secretary Janet Yellen.
What To Know: The SPDR S&P 500 (NYSE:SPY) has recently seen increased volatility due to continued tariff uncertainty. The Trump administration’s varying signals on tariffs have been “completely chaotic,” Yellen said Monday on CNBC’s “Squawk Box.”
President Donald Trump announced a 90-day tariff pause last week, less than a day after sweeping reciprocal tariffs were enacted.
Over the weekend, the Trump administration announced new tariff exemptions on several consumer electronics including smartphones and computers, which sent futures racing higher. But administration officials signaled on Sunday that fresh tariffs would be coming for the exempted tech products in the coming months.
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