Tariff Turmoil: Market Reactions and Trade Implications

This chapter examines the immediate market impacts following President Trump's announcement of new tariffs on U.S. imports, leading to significant losses in major stock indices. It discusses the effects on businesses like Nike, the complexities of supply chains, and the challenges industries face in navigating increased costs and shifting production. Additionally, insights are provided on the broader economic ramifications of these tariffs on international trade and the automotive sector.