President Trump’s 25% tariffs on steel and aluminum imports have sparked retaliation, with Canada targeting $29.8 billion in U.S. goods starting tomorrow and the EU planning tariffs on $28 billion from April.
The S&P 500 has erased post-election gains, and the Dow has dropped over 1,300 points this week amid fears of supply chain disruptions and rising costs.
Autos and industrials are hit hard, while domestic steelmakers may see a lift. Goldman Sachs warns of a 5% S&P 500 decline if tariffs persist, with recession odds creeping up to 20%.
Volatility is spiking, and investors are flocking to Treasuries.
Follow to stay updated on financial markets.
The S&P 500 has erased post-election gains, and the Dow has dropped over 1,300 points this week amid fears of supply chain disruptions and rising costs.
Autos and industrials are hit hard, while domestic steelmakers may see a lift. Goldman Sachs warns of a 5% S&P 500 decline if tariffs persist, with recession odds creeping up to 20%.
Volatility is spiking, and investors are flocking to Treasuries.
Follow to stay updated on financial markets.
President Trump’s 25% tariffs on steel and aluminum imports have sparked retaliation, with Canada targeting $29.8 billion in U.S. goods starting tomorrow and the EU planning tariffs on $28 billion from April.
The S&P 500 has erased post-election gains, and the Dow has dropped over 1,300 points this week amid fears of supply chain disruptions and rising costs.
Autos and industrials are hit hard, while domestic steelmakers may see a lift. Goldman Sachs warns of a 5% S&P 500 decline if tariffs persist, with recession odds creeping up to 20%.
Volatility is spiking, and investors are flocking to Treasuries.
Follow to stay updated on financial markets.
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