−10%−5%0+5%−3.3%−2×−1.7%−1×+1.7%+1×+3.3%+2×Trump announces reciprocal tariffs and a 10% baseline tariffJobless claims for the week to Mar 29, 2025: 219,000 (-5k)Jobs report for March 2025: +180k, unemployment 4.2%Trump announces a 90-day pause on reciprocal tariffsCPI release for March 2025: -0.1% on the month, core +0.1%