Reciprocal Tariffs: $2 TRILLION Lost! ๐ฅ๐ธ
President Trump just announced tariffs on 185 countries ๐ at onceโone of the biggest tariff actions in US history ๐บ๐ธ.
S&P 500 futures saw a dramatic wipeout of $2 TRILLION in just 15 minutes โณ๐.
Hereโs the breakdown:
It all began with a WSJ report stating a 10% baseline tariff ๐ฐ๐. While that was true, markets misread it as all tariffs being set at 10% โ.
Then, President Trump unveiled tariffs far exceeding 10% ๐๐ฅ.
At 4:26 PM ET, Trump held up a poster during his announcement ๐ฃ๏ธ, and futures were up by +2% ๐.
But by 4:42 PM ET, they had dropped -4% from their peak as Trump detailed the tariffs ๐๐.
The market wasnโt just hitโit was shaken to its core. ๐ฅ
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