CNBC's "Fast Money"
How Markets Are Reacting to the Tariff Announcements, and Who Could Buy TikTok 4/2/25
Apr 2, 2025
Megan Casella, a reporter covering live updates from the White House, and Steve Leisman, a CNBC contributor known for his economic insights, dive into the complexities of President Trump's recent tariff announcements. They discuss the immediate impacts on the economy and various sectors, including autos and pharmaceuticals. As stock markets react sharply, they highlight the mixed feelings among investors and potential shifts in manufacturing strategies. The conversation also touches on ongoing bids for TikTok, notably from Amazon, as the divestiture deadline approaches.
46:30
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Quick takeaways
- The newly announced tariffs, particularly high rates for China and Vietnam, are raising concerns about their adverse economic impact and potential trade retaliation.
- Stock markets, including major indices like the SPY and Qs, have reacted negatively to tariff announcements, indicating investor fears regarding economic stability.
Deep dives
Tariff Announcement Details
The announcement of reciprocal tariffs by President Trump includes a 10% baseline tariff on nearly all imports and varying rates for specific countries. China will face a hefty 34% tariff, Vietnam 46%, and the European Union 20%, to be effective starting soon. These tariffs raise concerns about their impact on the economy, particularly regarding trade tensions and potential retaliatory actions from impacted nations. Notably, the tariffs on certain goods, including autos and pharmaceuticals, illustrate a shift towards protectionist policies that may complicate international trade relationships.
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