When the market didn’t rally yesterday despite a very soft CPI report, it immediately signaled that the real driving force behind the market right now is still tariffs. Trump has paused some tariffs, but he’s also pushing for other measures that could be risky for the market—for example, his plan to delist Chinese companies from the U.S. stock market.
Let’s recap the current tariff situation:
- **Global Baseline**: A 10% tariff applies to imports from all countries.
- **Automobiles**: The U.S. imposes a 25% tariff on imported automobiles.
- **Steel & Aluminum**: Imported steel and aluminum face a 25% tariff.
- **Canada & Mexico**: Goods from Canada and Mexico are taxed at 25%.
- **China**: Imports from China are hit with a 145% tariff.