Bonds & Stocks
Treasury yields fell as markets worried about the potential hit to economic growth from President Donald Trump’s next round of tariffs Benchmark 10-year yields were down about 4 basis points to roughly 4.17% on Tuesday, and touched the lowest level since March 11 after a Washington Post report that White House aides have drafted a proposal to impose tariffs of around 20% on at least most US imports.
Economy
President Donald Trump has already raised tariffs on metals (with a small impact) and put 25% on autos (likely a medium-size hit). Next comes the big one — plans for so-called reciprocal tariffs on April 2, what Trump calls “liberation day.”
World
China is willing to buy more Indian products to balance trade, Beijing’s Ambassador Xu Feihong said just ahead of a US tariff announcement expected to hit the south Asian neighbors.