AXIOS (Courtenay Brown) - Trump threatens trade with Spain
Data: FactSet; Chart: Matt Phillips President Trump's threat to "cut off all trade " with Spain was immediately a market event — at least in Europe. Why it matters: Well into Trump's second term, foreign investors aren't totally dismissing the president's trade threats, even if the legal authority, the path to implementing them and the ultimate outcome remain unclear. - The U.S. Supreme Court narrowed one of Trump's most aggressive trade authorities. But trade tensions are still flaring up in ways that financial markets are adjusting to. - Top economic officials suggest they are willing to explore how to translate the president's trade demands into policy. Driving the news: "We don't want to do any trade business with Spain anymore,"…
Data: FactSet; Chart: Matt Phillips President Trump's threat to "cut off all trade " with Spain was immediately a market event — at least in Europe. Why it matters: Well into Trump's second term, foreign investors aren't totally dismissing the president's trade threats, even if the legal authority, the path to implementing them and the ultimate outcome remain unclear. - The U.S. Supreme Court narrowed one of Trump's most aggressive trade authorities. But trade tensions are still flaring up in ways that financial markets are adjusting to. - Top economic officials suggest they are willing to explore how to translate the president's trade demands into policy. Driving the news: "We don't want to do any trade business with Spain anymore,"…Open
