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April 04, 2025 | RBC Wealth Management
Global equity markets fell more sharply this week following the revelation from the U.S. administration that its reciprocal tariffs will be much broader and larger than most investors expected.
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While we acknowledge the consternation that is sweeping through investor minds, we remind them that it is important to take a step back, sift through the noise, and focus on long-term plans.
What a difference a few weeks, or even days, makes. In a major pivot, the U.S. administration went from proposing sweeping tariffs across many of its trading partners to then extending a three-month reprieve for all countries