Trump's 25% tariff threat just crashed Toyota 4.1% - here's what traders are buying instead
Key Points
- Trump's 25% tariffs on Japanese and South Korean imports hav...
A 25% tariff on Japanese and South Korean imports isn't exactly the kind of Monday morning surprise traders were hoping for. President Trump's July 7th announcement that these tariffs kick in August 1st sent Toyota down 4.1% and Honda tumbling 3.8% faster than you can say "supply chain disruption."
The market's reaction was about as subtle as a sledgehammer to a smartphone. U.S. stocks took a nosedive while the dollar flexed its muscles against the yen and won, proving once again that when uncertainty knocks, investors don't answer the door - they hide under their desks with Treasury bonds.
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