Trump 1.0 Tariffs (2018) vs. Trump 2.0 Tariffs (2025)

🔹 First public announcement: January 26th

🔹 Market peak: January 26th

🔹 "Sell the news" reaction: Resulted in a 13% decline in the S&P 500

🔹 Market bottom: April 2, 2018 (-13%)

Will history repeat itself?

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