WASHINGTON, D.C.—Amanda Fischer, Policy Director and Chief Operating Officer (COO), issued the following statement on the release of a fact sheet detailing the impacts and potential impacts of the Trump administration’s chaotic tariff policy on financial and consumer markets:
“The U.S. financial markets are the envy of the world, and the trust and confidence that consumers and businesses have in them exists because there are clear and enforceable rules that govern them. President Trump’s sweeping, on-again-off-again tariff announcements have put that trust at risk, however, and will have devastating implications beyond U.S. trade policy and our nation’s geopolitical standing in the world, harming Main Street families and small businesses.
“In addition to the massive declines in the equity market that have quickly eroded Americans’ retirement funds, the recent chaos in trade policy has exacerbated existing fragilities in our financial system that could disrupt everything from the Treasury market to home purchases to the safety and soundness of Main Street banks.”
In the fact sheet Better Markets details risks to several areas of the financial system including:
- Treasury Market
- Mortgage Market
- Consumer and Small Business Borrowing
- Money Market and Open-End Funds
- Margin in Financial Markets
- Securitized Products
- Credit Risk/Recession
- Market Confidence
You can find the fact sheet here. A fact sheet explaining the basis trade is here.
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Better Markets is a non-profit, non-partisan, and independent organization founded in the wake of the 2008 financial crisis to promote the public interest in the financial markets, support the financial reform of Wall Street and make our financial system work for all Americans again. Better Markets works with allies—including many in finance—to promote pro-market, pro-business and pro-growth policies that help build a stronger, safer financial system that protects and promotes Americans’ jobs, savings, retirements and more. To learn more, visit www.bettermarkets.org.
