SOTS 2nd Hour: Trump’s Tariff Sell-off: Key Laggards & How To Trade it – Plus: Former Treasury Sec. Steven Mnuchin 4/3/25
Squawk on the Street
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Tariff Turmoil and Market Response
This chapter examines the significant market downturn triggered by President Trump's new tariff announcements, leading to declines in the S&P 500 and Nasdaq. It highlights the economic implications of high tariffs on various imports, particularly from countries like China and the EU, while critiquing the simplistic methodologies behind tariff calculations. The discussion underscores the potential risks and broader economic concerns associated with these policies, reflecting on their impact on domestic manufacturing and international trade relations.
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