Container sits at the Los Angeles port in San Pedro, California, USA on July 8, 2025.
Daniel Cole | Reuters
U.S. President Donald Trump announced Tuesday that copper and drug imports will face 50% and 200% tariffs, respectively.
After the news, the S&P 500, which hit multiple records last week, hit a pause and mostly flat.
That said, it is a silent reaction to such high tariffs, suggesting that investors either view Trump’s tariffs as hollow threats or intend to have an impact on inflation and the economy.
Such complacency may be a mistake, as some market observers have warn. It also reflects the White House’s position on the tariff impact, which may not be the position investors want to take.
On Tuesday, Trump’s Economic Advisory Council Chairman Stephen Miran told CNBC’s “Squawk Box“The chances of leading to higher tariffs are “rare events”, such as”Pandemic or meteor or other. ”
“I’m not going to be dismissive,” Milan clarified. “What I said is that prediction is difficult and we should always speak about odds and possibilities.”
According to records, there is a 0.004% asteroid that may hit our planet in 2023. NBC News.
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at last…
The trader worked on the New York Stock Exchange on December 18, 2024.
Spencer Platt | Getty Images
Global stocks soared in the first half of 2025 even as U.S. President Donald Trump announced high tariffs on U.S. imports. The MSCI National World Index measures the performance of more than 2,500 stocks from developed and emerging market stocks, up nearly 10% since the beginning of the year, reaching a record high on July 4.
“The global trade war launched by the United States has been and will continue to be a catalyst for this former US performance,” said Peter Boockvar, chief investment officer at Bleakley Financial Group.
– Lee Ying Shan
