1503 ET - Trump tariffs will likely be unbridled by concerns over how much harm they could do to business, Wolfe Research's Tobin Marcus and Chutong Zhu write. The President "is signaling significant pain tolerance, and we believe him," Marcus and Zhu say. They warn that the most recent announcement, a 25% levy on imported vehicles, will stack up with other duties, including ones to be revealed next week. "As with most of his tariff agenda, this looks like a play for long-term re-industrialization at the cost of short-term pain, and its scale suggests he is willing to endure some disruption." (paulo.trevisani@wsj.com; @ptrevisani)
(END) Dow Jones Newswires
March 27, 2025 15:04 ET (19:04 GMT)
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