
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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