Trump avoids big tariff actions on day one. But he promises they could be days away.
Published On Jan 20, 2025, 8:45 PM
On his first day back in the White House, President Trump did not implement major tariffs but mentioned they could come as early as February 1, potentially affecting trade with Canada and Mexico at 25%. He has not specified details about tariffs on China due to ongoing negotiations but indicated that they are a possibility. Previous promises during his campaign hinted at high tariffs on various countries to protect American economic interests. The market reacted positively to Trump's initial restraint, but experts expect volatility as trade tensions may flare up, particularly with China.
Stock Forecasts
SPY
Negative
Trump's forthcoming tariffs, especially if implemented, could lead to economic tensions and repercussions across the markets, particularly impacting companies reliant on imports. Investors should watch for key movements in related sectors and overall market sentiment, as trade wars could lead to increased volatility.
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