US stocks lost ground, albeit modestly, on Friday (Saturday AEST) after President Donald Trump made clear that he will continue to threaten allies and foes with higher tariffs, reviving uncertainty about what lies ahead.
Higher tariffs ultimately increase the risk for economic growth, and strategists say that’s perhaps not yet reflected in markets as Trump’s August 1 “deadline” comes into sight.
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Timothy Moore writes on equities, commodities and monetary policy. He writes Before the Bell and contributes to the Markets Live blog. Connect with Timothy on Twitter. Email Timothy at timothy.moore@afr.com
