Trading Heights
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It’s Official: "Reciprocal Tariff" Week Has Begun
President Trump has dubbed this Wednesday, April 2nd, as “Liberation Day”, and it’s not just a catchy name — it marks the largest escalation in the global trade war to date.
Get ready: the markets are heading into one of the most volatile weeks in years.
What’s Happening?
President Trump is launching new “Reciprocal Tariffs” on 20%+ tariffs affecting 25+ countries, on top of already existing tariffs.
By the end of April, over $1.5 TRILLION worth of imports will be impacted.
Markets had hoped April 2nd would bring clarity — but instead, it may spark unprecedented global economic retaliation.
LIVE US Tariffs Already Include:
♦️ 25% on all steel & aluminum
♦️ 25% on most Canadian goods, 10% on Canadian energy
♦️ 25% on all Mexican goods
♦️ 20% on many Chinese imports
New tariffs coming this week:
♦️ 25% auto tariffs
♦️ 25% tariffs on countries buying Venezuelan oil
♦️ Pharmaceutical tariffs — just announced Friday
Global Retaliation Begins
♦️ Canada already hit back with $21B in reciprocal tariffs
♦️ China imposed 10–15% tariffs on US agriculture
♦️ EU promises full retaliation
♦️ Mexico’s president will announce counter-tariffs on April 3rd
We’re witnessing reciprocal tariffs on reciprocal tariffs — this is turning into one of the largest trade wars in modern history.
The Impact Is Already Massive
♦️ Average US tariff rate is now ~8% — highest since 1970
♦️ By end of April, the 1946 record high may be broken
♦️ Policy Uncertainty Index is off the charts — 80% HIGHER than 2008
♦️ Consumer Sentiment has fallen to 57, matching 2008 crisis levels
♦️ Economic slowdown has already started
Markets in Chaos
♦️ Gold ETFs saw $12B inflows in just 2 months
♦️ Gold is up +17% YTD
♦️ S&P 500 is down -5% YTD
♦️ Institutional capital is fleeing stocks at historic levels
♦️ Magnificent 7 stocks lost $3 TRILLION in market cap — while retail traders bought the dip
This divergence is a flashing red signal.
Wednesday’s New Additions:
♦️ Introduction of the “External Revenue Service” — a body focused on tariff enforcement and collection
♦️ Auto Tariffs alone will affect $275+ BILLION/year in imports
♦️ Trump aims to generate $600 BILLION per year in tariff revenue — effectively a new national tax
Tariffs = Inflation Fuel
♦️ In Trade War 1.0, PCE prices in tariffed goods rose +4%,
while non-tariff categories fell -2%
♦️ Expect inflation to run HOT in Q2 2025
♦️ Price hikes will be passed to consumers — across autos, pharma, oil, and electronics
Geo-Political Heat Rising
Trump warns:
♦️ Iran will face military action if no nuclear deal is made
♦️ 25–50% tariffs on Russian oil are on the table
♦️ Secondary tariffs on Iran to follow
Which US Sectors Are at Risk?
♦️ Automobiles
♦️ Pharmaceuticals
♦️ Semiconductors
These are expected to bear the brunt of international retaliation.
In Summary:
The world isn’t just heading into a tariff storm — we’re already in it.
April 2nd will mark a critical turning point, and markets are already showing signs of extreme stress.
This is Trump’s Trade War 2.0 — and it could reshape the global economy.
Stay alert. Stay informed.
#TrumpTariffs
Get ready: the markets are heading into one of the most volatile weeks in years.
What’s Happening?
President Trump is launching new “Reciprocal Tariffs” on 20%+ tariffs affecting 25+ countries, on top of already existing tariffs.
By the end of April, over $1.5 TRILLION worth of imports will be impacted.
Markets had hoped April 2nd would bring clarity — but instead, it may spark unprecedented global economic retaliation.
LIVE US Tariffs Already Include:
♦️ 25% on all steel & aluminum
♦️ 25% on most Canadian goods, 10% on Canadian energy
♦️ 25% on all Mexican goods
♦️ 20% on many Chinese imports
New tariffs coming this week:
♦️ 25% auto tariffs
♦️ 25% tariffs on countries buying Venezuelan oil
♦️ Pharmaceutical tariffs — just announced Friday
Global Retaliation Begins
♦️ Canada already hit back with $21B in reciprocal tariffs
♦️ China imposed 10–15% tariffs on US agriculture
♦️ EU promises full retaliation
♦️ Mexico’s president will announce counter-tariffs on April 3rd
We’re witnessing reciprocal tariffs on reciprocal tariffs — this is turning into one of the largest trade wars in modern history.
The Impact Is Already Massive
♦️ Average US tariff rate is now ~8% — highest since 1970
♦️ By end of April, the 1946 record high may be broken
♦️ Policy Uncertainty Index is off the charts — 80% HIGHER than 2008
♦️ Consumer Sentiment has fallen to 57, matching 2008 crisis levels
♦️ Economic slowdown has already started
Markets in Chaos
♦️ Gold ETFs saw $12B inflows in just 2 months
♦️ Gold is up +17% YTD
♦️ S&P 500 is down -5% YTD
♦️ Institutional capital is fleeing stocks at historic levels
♦️ Magnificent 7 stocks lost $3 TRILLION in market cap — while retail traders bought the dip
This divergence is a flashing red signal.
Wednesday’s New Additions:
♦️ Introduction of the “External Revenue Service” — a body focused on tariff enforcement and collection
♦️ Auto Tariffs alone will affect $275+ BILLION/year in imports
♦️ Trump aims to generate $600 BILLION per year in tariff revenue — effectively a new national tax
Tariffs = Inflation Fuel
♦️ In Trade War 1.0, PCE prices in tariffed goods rose +4%,
while non-tariff categories fell -2%
♦️ Expect inflation to run HOT in Q2 2025
♦️ Price hikes will be passed to consumers — across autos, pharma, oil, and electronics
Geo-Political Heat Rising
Trump warns:
♦️ Iran will face military action if no nuclear deal is made
♦️ 25–50% tariffs on Russian oil are on the table
♦️ Secondary tariffs on Iran to follow
Which US Sectors Are at Risk?
♦️ Automobiles
♦️ Pharmaceuticals
♦️ Semiconductors
These are expected to bear the brunt of international retaliation.
In Summary:
The world isn’t just heading into a tariff storm — we’re already in it.
April 2nd will mark a critical turning point, and markets are already showing signs of extreme stress.
This is Trump’s Trade War 2.0 — and it could reshape the global economy.
Stay alert. Stay informed.
#TrumpTariffs
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