Trump plans new tariffs: 25% on Canadian and Mexican imports, 10% on Chinese goods, starting Saturday (Feb 1, 2025). Citing fentanyl and immigration concerns, the move threatens $1.6 trillion in North American trade, shaking markets and weakening regional currencies.
Trump's tariffs during his first term caused significant market volatility. Major tariff announcements, particularly against China, led to sharp declines, such as the Dow's 724-point drop in March 2018. Stocks of companies with China exposure, like Caterpillar and Boeing, were hit hardest. Conversely, signs of trade agreements or de-escalation often led to market rebounds, highlighting investor sensitivity to trade policy uncertainty.
Right now I believe we are in the beginning phase of the tariff dispute where retaliation ("tit for tat") headline risk remains heightened as we wait for the official response from Mexico, Canada, and China. This I believe will put continued pressure on
SPY 
QQQ 
IWM until there is a de-escalation off-ramp.
SPY bear target to 590.
Trump's tariffs during his first term caused significant market volatility. Major tariff announcements, particularly against China, led to sharp declines, such as the Dow's 724-point drop in March 2018. Stocks of companies with China exposure, like Caterpillar and Boeing, were hit hardest. Conversely, signs of trade agreements or de-escalation often led to market rebounds, highlighting investor sensitivity to trade policy uncertainty.
Right now I believe we are in the beginning phase of the tariff dispute where retaliation ("tit for tat") headline risk remains heightened as we wait for the official response from Mexico, Canada, and China. This I believe will put continued pressure on
SPY QQQ IWM until there is a de-escalation off-ramp. SPY bear target to 590.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.