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What is the impact of tariffs on the USA? Capital Economics: the key depends on this information!
A tariff tsunami sweeps across Global, Trump wields the century's tariff club, declaring war on the Global economy.
The "reciprocal tariffs" imposed by Trump have taken effect! U.S. stock index futures have collectively plunged, the fear index has surged, how do the Institutions interpret this?
According to CCTV, the White House statement says that Trump will impose a 10% "baseline tariff" on all countries, effective at 12:01 AM Eastern Time on April 5. Higher reciprocal tariffs imposed on countries with large trade deficits with the USA will be effective at 12:01 AM Eastern Time on April 9. Steel, aluminum, autos, gold, copper, Pharmaceuticals, Semiconductors, and wood products will not be affected by reciprocal tariffs, and products that comply with the United States-Mexico-Canada Agreement (USMCA) will continue to be exempt from tariffs; Trump stated that a 25% auto tariff is effective from April 3.
The Federal Reserve has introduced a "reverse" strategy: the best countermeasure against tariffs is to cut interest rates and tolerate soaring inflation!
The market is hastily betting on four interest rate cuts this year, while Allianz's El-Erian warns there will only be one. As the Federal Reserve is torn, a contrarian research conclusion emerges.
Futu Morning Report | Trump's reciprocal tariffs cause a significant drop in risk Assets, Nasdaq Futures down over 4%; Trump's first 50 days see poor performance in U.S. stocks, creating one of the worst records for a U.S. president in 75 years.
In the first 50 days of Trump 2.0, the U.S. stock market was bleak, setting one of the worst records for a U.S. president in 75 years; Newsmax fell over 77%, after surging 2230% in its first two days of trading.
U.S. stocks in the early market | Trump is about to announce tariffs, and the three major index fell slightly; Q1 delivery volume fell short of expectations, and Tesla dropped over 2%; AI Cloud Computing company CoreWeave continues to rise over 7%.
On April 2nd at 8 PM Beijing time, US stocks opened lower on Wednesday. Growth stocks that have previously led the market, such as NVIDIA and Tesla, faced sell-offs. Wall Street is preparing for Trump's comprehensive reciprocal tariffs, and the White House has confirmed that the new policy will "take effect immediately."
Trump announces that reciprocal tariffs are imminent, and under "anxiety," U.S. Treasury yields have dropped to a one-month low.
Before Trump imposed tariffs, trade tensions escalated, and USA national debt increased.