Trump's 35% tariffs just tanked S&P 500 - here's what smart traders are doing instead
Key Points
- Trump's 35% tariffs on Canada led to significant market decl...
When President Trump slapped a 35% tariff on Canada - yes, Canada, our polite northern neighbors who apologize for existing - the market responded about as well as a cat in a bathtub. The S&P 500 and major Asian indices took a nosedive on July 31st, proving once again that even stellar tech earnings can't fix a case of tariff-induced market anxiety.
Think of it this way: when your favorite restaurant suddenly charges 35% more for maple syrup, you're probably going to reconsider those weekend pancakes. That's essentially what's happening to supply chains right now, except instead of pancakes, ...
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