Summary
Trump announced a 10% baseline tariff on all U.S. imports and steep “reciprocal tariffs” targeting countries with high trade barriers, including 34% on China, 24% on Japan, and 20% on the EU.
The tariffs begin April 5 and April 9, respectively. Branded “Liberation Day” tariffs, the move claims to boost U.S. manufacturing and fund tax cuts but is expected to raise consumer prices.
Economists warn of recession risks and market instability.
Allies, including Canada and the EU, plan retaliatory tariffs, raising fears of a global trade war.
Holy shit the stock market tomorrow is going to be a bloodbath
The video was surreal, he was waving that board around like a shitty game show host. The whole thing was absurd.
Its going to have a massive hit. investors are getting the fuck out.
Wow my portfolio just took a hell of a beating
I did not expect it to be this bad