Will the market go up or down?

#TrumpTariffs #DonaldTrump Here's a presentation-ready summary of Trump's tariffs and their market value:

Tariffs Imposed by Trump Administration
- *25% tariffs on steel and aluminum imports*: Imposed on March 12, 2025, affecting various goods, including autos and canned drinks.¹
- *25% tariffs on Canadian and Mexican goods*: Announced on March 4, 2025, but later delayed until April 2, 2025.
- *10% to 25% tariffs on Chinese goods*: Imposed in 2018-2019, with some tariffs doubled in February 2025.

Market Impact
- *Reduced US GDP growth*: J.P. Morgan Research revised down US GDP growth to 1.6% for 2025 due to trade policy uncertainty.
- *Increased inflation*: Tariffs expected to raise consumer prices by 0.2 percentage points.
- *Global recession risk*: J.P. Morgan Research estimates a 40% risk of a global recession in 2025.

Key Statistics
- *$1.4 trillion*: Projected value of tariffs imposed by the Trump administration by April 2025.
- *25%*: Average tariff rate on US imports from China.
- *12 percentage points*: Potential increase in average US tariff rate if reciprocal tariffs are imposed.