After much anticipation, the tariff band-aid was finally ripped off on Wednesday, April 2. Unfortunately for the stock market, the news was painful as the White House rolled out 10% universal tariffs on all imports coming into the country, with additional duties levied on countries operating with large trade deficits with the U.S. The size and scope of the tariffs caught the market off guard, causing a sharp sell-off in global equity markets as market participants assessed the potential impact of the new trade policies on economic growth, inflation, interest rates, and corporate profits. Here we share some of our key takeaways from the news (there’s a lot to unpack) and discuss some silver linings that didn’t get much attention last week and may set the stage for a durable stock market low. 

Blakelock Financial Group invites you to join us on a Teams Meeting with special guest, Tony Leal from BlackRock, to discuss tariffs.

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