#TrumpTariffs

📈 Market & Economic Impacts

📉 Market Reactions

Global equity dip: S&P 500 dropped ~0.8% after tariffs announced; tech- and trade-sensitive stocks bore the brunt .

Recent optimism: Wall Street banks like Goldman Sachs and JPMorgan raised S&P forecasts, citing stable corporate earnings and anticipated Fed easing—despite ongoing tariff threats .

💵 Business Costs & Inflation

Mid-sized U.S. firms could pay over $82 billion in extra costs—likely passed to consumers through 50–60% of tariff expenses .

Tariffs amount to a household tax of ~$1,200 in 2025, and $1,440 in 2026, potentially dragging GDP growth by ~–0.8% over 10 years .

🧭 Economic Outlook

U.S. job market growth is slowing; unemployment may rise from ~4.2% to 4.8% later in 2025 due to trade-policy headwinds .

Manufacturing and trade-dependent sectors warn of rising costs, hiring freezes, and job cuts .