Trump's Tariff Legal Battle Uncertainty Persists as 'Big Beautiful Bill' May Ease Market Anxiety
Franklin Securities notes that despite facing legal challenges and high uncertainties surrounding Trump's tariff measures, he is actively pushing the 'Big Beautiful Bill'. If successfully passed, it could help alleviate some market anxieties.
Recently, President Trump threatened to impose a 50% tariff on EU imports, but subsequently agreed to extend the negotiation deadline to July 9. Following a significant legal setback, market sentiment remains uneasy about Trump's tariff policies. However, U.S. markets rallied as a result.
According to recent data, the Dow Jones Industrial Average rose 1.67%, and the S&P 500 increased by 1.9%.
Franklin Securities also emphasized the need for investors to closely monitor several forthcoming variables, including the trajectory of Trump's tariff policies and upcoming economic data and corporate earnings reports.
