Trump unveiled his tariff plan

Trump unveiled his tariff plan today, with a baseline tariff of 10%, and much higher tariffs on countries with higher tariffs against the U.S. Tariffs on China imports were set at 34%, the E.U. 20%, Japan 24%, India 26%, and Mexico and Canada 25%. Auto imports will go to 25% effective immediately. Taken together, the tariffs were a worst case scenario, with markets responding accordingly after hours as fears of global recession rise, with SPX futures -1.8%, NDX -2.6%, and $TSLA -5.2%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":420480658821448,"tweetId":"420480658821448","gmtCreate":1743661138583,"gmtModify":1743661522046,"author":{"id":3563842318594455,"idStr":"3563842318594455","authorId":3563842318594455,"authorIdStr":"3563842318594455","name":"Pinkspider","avatar":"https://community-static.tradeup.com/news/2643891549304031c32c05b207f0f2b6","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":7,"crmLevelSwitch":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.10.19","exceedPercentage":"93.50%","individualDisplayEnabled":0},"individualDisplayBadges":[],"fanSize":503,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"html":"<html><head></head><body><p>Trump unveiled his tariff plan today, with a baseline tariff of 10%, and much higher tariffs on countries with higher tariffs against the U.S. Tariffs on China imports were set at 34%, the E.U. 20%, Japan 24%, India 26%, and Mexico and Canada 25%. Auto imports will go to 25% effective immediately. Taken together, the tariffs were a worst case scenario, with markets responding accordingly after hours as fears of global recession rise, with SPX futures -1.8%, NDX -2.6%, and $TSLA -5.2%.</p></body></html>","htmlText":"<html><head></head><body><p>Trump unveiled his tariff plan today, with a baseline tariff of 10%, and much higher tariffs on countries with higher tariffs against the U.S. Tariffs on China imports were set at 34%, the E.U. 20%, Japan 24%, India 26%, and Mexico and Canada 25%. Auto imports will go to 25% effective immediately. Taken together, the tariffs were a worst case scenario, with markets responding accordingly after hours as fears of global recession rise, with SPX futures -1.8%, NDX -2.6%, and $TSLA -5.2%.</p></body></html>","text":"Trump unveiled his tariff plan today, with a baseline tariff of 10%, and much higher tariffs on countries with higher tariffs against the U.S. Tariffs on China imports were set at 34%, the E.U. 20%, Japan 24%, India 26%, and Mexico and Canada 25%. Auto imports will go to 25% effective immediately. Taken together, the tariffs were a worst case scenario, with markets responding accordingly after hours as fears of global recession rise, with SPX futures -1.8%, NDX -2.6%, and $TSLA -5.2%.","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/420480658821448","repostId":0,"isVote":1,"tweetType":1,"viewCount":1,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":408,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/420480658821448"}