US employers are slowing hiring, uncertain due to trade tariffs, impacting global markets negatively.

From Yahoo Finance: 2025-03-30 10:25:00

US employers likely added 138,000 jobs in March, below expectations, signaling a slowdown in hiring. The unemployment rate is expected to hold at 4.1%. Uncertainty looms over the economy due to concerns about trade tariffs and inflationary pressures. President Trump plans to impose higher tariffs on imports, aiming to address trade imbalances and boost domestic production. The Fed is closely monitoring the situation, with fears of rate cuts coming too late if the labor market weakens further. In Canada, exports to the US may slow as Trump’s tariffs take effect, impacting the upcoming election and economic outlook.

In Asia, industrial output data from South Korea and Japan will set the tone for the week. China’s manufacturing PMI will reveal the impact of government stimulus measures. In Europe, inflation data in the euro zone and key central bank decisions will guide policymakers amid Trump’s tariff threats. In Latin America, Colombia and Peru face decisions on interest rates, while Argentina negotiates with the IMF for financial support. Brazil grapples with economic challenges, including trade uncertainties and budget constraints.

Overall, global markets are on edge as trade tensions and economic uncertainties persist, with all eyes on Trump’s tariff decisions and their impact on the world economy.



Read more at Yahoo Finance: US Employers Tap Brakes as Tariff Policy Dims Outlook