The big event is coming!!!
Trump strikes again!!!
Tariffs on cars, lumber, and chips are coming, but are there surprises in reductions?
Trump is about to act again! According to the latest news, in the coming days, the U.S. will impose additional tariffs on cars 🚗, lumber 🌲, and chips 💻! Doesn't it make your heart race just hearing that? But wait, Trump also mentioned that there might be tariff reductions for multiple countries.
However, this tariff stick is a bit confusing. On one hand, Trump threatens to increase tariffs; on the other hand, he reveals a softened stance compared to before. It seems that this tariff policy is like the stock market, rising and falling, making it hard to grasp.
That said, the tariff stick is not without power. Hyundai Motor from South Korea has announced a $5.8 billion investment to build a new plant in Louisiana! Trump proudly stated that this proves his tariff threats are very effective! Hyundai also indicated that it will add $21 billion in investments in the U.S. over the next four years, showing that the tariff policy is indeed prompting many companies to reconsider their strategies in the U.S.
However, the stock market's reaction has been quite calm. U.S. chip stocks and automotive stocks did not show significant changes after Trump's speech. It seems that investors are quite experienced, and the tariff policy is no longer a new thing for them.
Finally, we must mention Venezuela. Trump announced that a "secondary tariff" will be imposed on countries importing energy from Venezuela! This means that any country purchasing oil or natural gas from Venezuela will have to pay a 25% tariff in trade with the U.S.! This is basically an energy version of a "tariff war"!
Overall, Trump's tariff policy is like an unknown adventure. We do not know where the next step will lead, but we can be sure that this adventure will be full of twists and surprises! Will it be a boom or a bust? Let's wait and see!