Overview

• President Trump confirmed that the 25% tariffs will apply universally to all countries, aiming to generate $100 billion in revenue for the U.S. government.
• The S&P 500 and Nasdaq are on track for their worst quarter since 2022, with investors reacting to fears of inflation, reduced consumer spending, and a potential recession.
• Retaliatory measures from key trading partners, including Canada, China, and the EU, have escalated trade tensions, deepening concerns of a global trade war.
• The auto industry faces significant disruption, with projected price increases of $5,000 to $10,000 per vehicle and sharp stock declines for major automakers like Volkswagen and Toyota.
• U.S. consumer confidence has dropped to a 12-year low, reflecting growing anxiety over rising costs and economic uncertainty tied to the tariffs.