- Tariff uncertainty dominated Trump’s early days in office, shaking up both markets and politics.
- Trump’s approval ratings have steadily declined, especially after the controversial “Liberation Day” tariff announcement on April 2.
- Conflicting statements from Trump and his team have left global markets and foreign governments guessing about the next moves.
- Trump claims to have made “200 deals,” yet admits it would be “physically impossible” to finalize many before July.
- Over the weekend, Trump hinted that tariffs could indirectly fund tax cuts, framing it as a “tremendous amount of money” flowing into U.S. coffers.
- Treasury Secretary Scott Bessent labeled the administration’s shifting messages as “strategic uncertainty.”
- Trade negotiations with key partners like China and South Korea are moving slower than promised, with real deals remaining elusive
- Domestic policy is also stalled: major tax reform bills remain tied up in Congress despite early promises of “historic speed.”
- Lawmakers are now returning to Washington after a break, but tangible progress remains limited.
- On the symbolic 100th day, the biggest “victory” might just be the confirmation of a Treasury assistant secretary — not a landmark policy win.
What’s Next?
- Trump’s leadership style thrives on unpredictability — but markets and allies often need clarity, not chaos.
- His promises of “historic speed” have collided with the messy realities of global diplomacy and domestic gridlock.
- The next 100 days will reveal whether this strategy of “strategic uncertainty” can yield actual results — or just more headlines.

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- US stock futures were flat ahead of a crucial earnings week as investors looked for a major set of results to be announced by S&P 500 companies valued at $20 trillion.
The spotlight is on tech giants Microsoft, Apple, Meta, and Amazon, which are expected to post strong profit growth despite ongoing trade tensions.
- Markets are optimistically cautious after a four-day rally, but concerns persist over the consequences of President Donald Trump’s April 2 tariff measures.
While optimism over trade agreements with Asian allies continues, Trump signaled further tariff delays are unlikely.
- Treasuries declined, sending yields higher, and gold retreated strongly from its recent peak. Conversely, Friday’s non-farm payrolls report will deliver fresh insight into the health of the US economy.
In corporate news, Boeing rose following a Spirit AeroSystems deal, and Nvidia declined following a report that Chinese tech pioneer Huawei is developing a competing AI chip.
Investors are listening for both company profits and any sign of improvement — or worsening — in trade talks.