Week of April 14–17
Here’s a quick look at the most relevant developments that shaped markets during this shortened week.
United States
- President Trump is considering temporary exemptions from the 25% tariffs on vehicles and auto parts.
- Electronic devices like smartphones and computers have been temporarily exempted.
- Retail sales rose 1.4% in March, beating expectations.
- Fed Governor Waller noted that the inflationary impact of tariffs would likely be “transitory.”
Europe
- U.K. inflation fell to 2.6% in March, better than expected.
- EU leaders believe most tariffs imposed on the bloc will remain in place.
- The U.S. may temporarily ease some tariffs, but full removal isn’t expected.
China
- Exports rose 12.4% year-over-year in March, surpassing the 4.4% forecast.
- First-quarter GDP grew 5.4% annually, despite ongoing trade tensions with the U.S.
Brazil
- Analysts expect economic growth to slow in the second half of the year, weighed down by high domestic interest rates and global trade friction.
Mexico
- The U.S. will impose a 20.91% tariff on Mexican tomato imports starting in July.
- Finance executives warn that Mexico could lose its investment-grade rating by 2026 if trade relations with the U.S. deteriorate and fiscal deficits persist.
Staying informed is key to understanding the ever-changing environment in which investments operate.
IMPORTANT EVENTS – CALENDAR
- April 23: The Federal Reserve’s Beige Book economic report will be released.
- April 22–24: Regional manufacturing reports will be published in the U.S.
Monitor
