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Trump’s new tariff threats could leave markets with TACO indigestion

Markets will probably just ignore Trump’s new tariffs threats against Canada, Mexico and the EU. But that means investors are giving Trump no reason to chicken out.

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JPMorgan boss Jamie Dimon keeps warning investors about complacency every chance he gets. His former market strategist, Marko Kolanovic, thinks there’s a correction coming.

But Wall Street couldn’t care less. It’s locked in a race to the top.

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
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    Original URL: https://www.afr.com/chanticleer/trump-s-new-tariff-threats-could-leave-markets-with-taco-indigestion-20250714-p5meot