The Receding Tariff Tide

The Receding Tariff Tide

From Notes on the Week Ahead by Dr. David Kelly

March 30, 2026 · 11 min · Episode 336

About this episode

This episode discusses the impact of the President's announcement of reciprocal tariffs on U.S. trading partners and its effect on stock prices.

A year ago this week, the President announced what he described as “reciprocal tariffs” on goods imported from all major U.S. trading partners. These tariffs, which were much broader and higher than expected, led to an immediate and sharp decline in stock prices.

People in this episode

Host: Dr. David Kelly

Topics covered

  • tariffs
  • trade policy
  • stock market
  • economic impact
  • U.S. trading partners

Keywords

  • tariffs
  • stock prices
  • trade
  • economic policy
  • U.S. trading partners

Mentioned in this episode

Places: U.S.

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