Trump's "Nonsensical" Tariff Policy Makes the U.S. Stock Market Unpredictable!
TradingKey - Trump's highly uncertain tariff policies are disrupting the U.S. stock market!
On Tuesday, Trump's "nonsensical" tariff policies triggered wild swings in the U.S. stock market. Throughout the day, the three major U.S. stock indices experienced sharp fluctuations, rising and falling unpredictably, leaving investors deeply unsettled.
S&P 500 (Blue), Nasdaq (Yellow), and Dow Jones (Green) Indices, Source: Google.
Within half an hour of the market opening, the S&P 500 index steadily rebounded, stabilizing after the previous day's panic sell-off. Earlier, U.S. President Trump stated that "the uncertainty of tariff policies could potentially trigger an economic recession," leading to a sharp decline in U.S. stocks.
S&P 500 Index, Source: Google.
Shortly after, Trump threatened to double tariffs on Canadian steel and aluminum to 50%, reigniting market panic and causing the S&P 500 index to drop over 1.5% intraday.
During the afternoon session, Canada agreed to suspend a 25% surcharge on U.S. electricity exports, prompting Trump to announce the withdrawal of the 50% tariffs on Canadian steel and aluminum imports. This news spurred the S&P 500 index to quickly rebound and erase its losses for the day.
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