Trump has proposed introducing tariffs that would match foreign duties placed on U.S.

The full impact of U.S. President Donald Trump’s much-anticipated tariff announcement on April 2 has yet to be priced in by markets, according to analysts at Wolfe Research.

In a note to clients on Tuesday, the analysts led by Tobin Marcus said that although a sell-off on Friday helped put markets "closer in line with market expectations," most sell-side investors are now calling for Trump to roll out larger-than-projected reciprocal tariffs.#TrumpTariffs