On Tuesday, 25% tariffs on goods imported into the U.S. from Canada and Mexico went into effect, along with an additional 10% duty on goods coming from China.
In the 24 hours since, President Trump has done everything from threatening another salvo of levies to mulling potential relief for certain sectors, like automobile manufacturing, that are really feeling the pressure as profit margins are already razor thin.
Welcome to the Trade War of 2025.
We’re already seeing the impact, as the market was in turmoil even before these tariffs went into effect.
This leads me to this week’s charts…
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