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The Receding Tariff Tide

EPISODE · Mar 30, 2026 · 10 MIN

The Receding Tariff Tide

from Notes on the Week Ahead · host Dr. David Kelly

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.

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The Receding Tariff Tide

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