<h1>Tariff policy triggers market volatility and inflationary pressure, prompting calls for monetary easing and trade negotiations.</h1> Announcement of broad import tariffs precipitated sharp market declines, is expected to raise consumer prices and slow growth, and has prompted calls for monetary easing; the administration frames the tariffs as a lever to encourage onshoring and to negotiate trade concessions, while international retaliation and public messaging complicate economic and political responses.