Trump, European Union and Mexico
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Scavino and two other top officials sold Trump Media stock with a combined value of up to $10 million before tariffs news
Markets will probably just ignore new tariffs threats against Canada, Mexico and the EU. But that means investors are giving Trump no reason to chicken out.
The president’s supporters portray him as a top dealmaker. But, at least for now, far more trading partners have gotten stiff tariffs than trade deals.
Dan Scavino sold off at least $1 million in Truth Social stock on April 1, while Sergio Gor sold at least $15,000 a few days earlier.
President Donald Trump announced new tariffs on the European Union and Mexico that will take effect on Aug. 1.
Some investors and economists have also noted Trump's pattern of backing off his tariff threats. Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider,