Matt Grossman
Appearances
WSJ What’s News
U.S. Stocks Tumble as Trump Delays Tariffs on Canada, Mexico
A lot of economists think that what's going on is companies in the U.S. that rely on goods from overseas, whether that's products that they want to sell to American consumers or things that they need for their factories to create goods in the United States.
WSJ What’s News
U.S. Stocks Tumble as Trump Delays Tariffs on Canada, Mexico
Those companies saw tariffs coming and in anticipating that, many of those companies really ramped up their imports in January, thinking that tariffs would come into play down the line.
WSJ What’s News
U.S. Stocks Tumble as Trump Delays Tariffs on Canada, Mexico
It's a little bit hard to say. These data are more than a month old now, and we're going to have to wait a couple months to see how the tariffs that went into place this week affected the trade balance in March. Often the exchange rates between countries adjust, and that's another layer that affects the decisions that companies and shoppers make about where to buy things from.
WSJ What’s News
U.S. Stocks Tumble as Trump Delays Tariffs on Canada, Mexico
This is really a new world. So it's going to be very challenging for economists to see what's coming. And that's why data like this are so important.