As Tariffs Fall, the European Media Remain Negative

Secretary Bessent pointed out that retail trading has been light since the tariffs were announced and that the volatility was primarily institutional in nature.

TOPSHOT - US President Donald Trump holds a chart as he delivers remarks on reciprocal tariffs during an event in the Rose Garden entitled "Make America Wealthy Again" at the White House in Washington, DC, on April 2, 2025. Trump geared up to unveil sweeping new "Liberation Day" tariffs in a move that threatens to ignite a devastating global trade war. Key US trading partners including the European Union and Britain said they were preparing their responses to Trump's escalation, as nervous markets fell in Europe and America. (Photo by Brendan SMIALOWSKI / AFP) Photo by BRENDAN SMIALOWSKI/AFP via Getty Images

Commentary

I continue to see Tariff Derangement Syndrome emanating from foreign media, which seem eager to blame the Trump Administration for all their problems, especially the media in Britain, Canada, France, Germany and Mexico, which are in the midst of recessions. Up to 130 countries are now negotiating new trade agreements that should remove most trade barriers, but the European press still see the “sky falling.”