Liz Ann Sonders, head of investment strategies in Shawab, shares how investors should approach the market after a huge blow to President Donald Trump’s definition of “Barron’s Roundtable”.
president Donald Trump A 10 % tariff of one side entered all imports from many countries into effect on Saturday, as American customs agents began assembling.
The first “baseline” tariff entered 10 % in US sea ports, airports and customs warehouses at 12:01 am. High taxes on goods are scheduled to start from 57 larger commercial partners next week.
Trump’s announcement of the tariff on Wednesday shook the global stock markets, as it reduced $ 5 trillion of the market value of the S&P 500 companies by Friday, which represents a record decrease for two days. Oil and commodity prices were also taken.
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President Donald Trump’s tariff entered 10 % on all imports from many countries into effect on Saturday. (Andrew Harnik / Getty Images / Getty Images)
Australia, Britain, Colombia, Argentina, Egypt and the Kingdom of Saudi Arabia were among the countries that first slapped with a 10 % tariff. It seems that there is no period of allowing shipments on the water at midnight Saturday, according to the customs bulletin and the protection of the American border to the trucks.
However, a customs bulletin and US border protection provided a 51 -day grace period for goods loaded on ships or aircraft and crossing to the United States before 12:01 am EST. These goods should arrive at 12:01 am on May 27 to avoid 10 % tax.
Trump’s highly “mutual” tariff rates, which range from 11 % to 50 % on Wednesday. European Union imports will face a 20 % tariff, while Chinese goods will be hit with a 34 % tariff, which brings Trump to bring Trump. Total new taxes on China Up to 54 %.

Trump’s highly “mutual” tariff rates, which range from 11 % to 50 % on Wednesday. (Chip Somodevilla / Getty Images / Getty Images)
Vietnam will strike a 46 % tariff and on Friday agreed to negotiate a deal with Trump. The country has benefited from the transformation of US supply chains away from China after Trump’s trade war with Beijing during his first term.
Canada and Mexico were exempt from the latest drawings from Trump because it was still subject to a 25 % tariff for goods that were not compatible with the rules of American origin and Mexico.
The commodities subject to national security graphics are not covered by 25 %, including steel, aluminum, cars, trucks and car parts, through the new customs tariff.
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It seems that there is no period of allowing goods on the water at midnight Saturday. (Reuters photos / Reuters)
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The administration has also released a list of more than 1,000 category of definitions exempt products, including crude oil, petroleum products and other energy imports, pharmaceutical preparations, uranium, titanium, wood, copper and copper. These categories of products were estimated in $ 645 billion in 2024 imports.
With the exception of energy, the administration in many of these sectors is achieved to obtain an additional tariff for national security.
Reuters contributed to this report.
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