CNBC Daily Open: Trump's 'reciprocal' tariffs face an uncertain future — and that's good for markets and businesses

Why is Trump celebrating Japan’s US Steel takeover? How are high prices affecting the housing market? What caused Elon Musk’s black eye at White House? Why did US inflation cool in April? How did Trump tariffs impact Canadian banks? What’s driving layoffs at LinkedIn and tech firms? How will Nippon Steel’s US investment affect emissions?

CNBC Daily Open: Trump's 'reciprocal' tariffs face an uncertain future — and that's good for markets and businesses

cnbc.com/2025/05/29/cnbc-daily-open-us-markets-cheer-as-reciprocal-tariffs-struck-down.html

U.S. President Donald Trump has been accused of walking back on his trade policies — a Financial Times columnist succinctly described that apparent pattern as the "TACO" theory, or "Trump Always Chickens Out."
The walk-backs on tariffs has largely been a positive for markets. Now, a…

This story appeared on cnbc.com, 2025-05-29 06:30:01.