The main investment strategist Schwab Liz Ann Sonders shares how investors should be close to the market after a massive intervention before President Donald Trump's announcement on “Barron Roundtal”.
President Donald Trump On Saturday, a unilateral 10% tariff on all imports from many countries entered into force, with US customs agents to collect.
The initial 10% “basic” tariff takes effect on US navy ports, airports and customs warehouses at 12:01 am Et. Higher taxes from 57 larger business partners are to start next week.
Trump's announcement of the tariff on Wednesday shook global stock markets and reduced 5 trillion trillion dollars to market value for S&P 500, which means a record two -day decline. Prices of oil and commodities also took Nosedive.
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On Saturday, President Donald Trump's unilateral 10% tariff came into force for all imports from many countries. (Andrew Harnik / Getty Images / Getty Images)
Australia, Britain, Colombia, Argentina, Egypt and Saudi Arabia belonged to the countries first slapped by 10% of the tariff. It seems that on Saturday at midnight on Saturday there is no postponement time on the water, according to the American customs and border protective bulletin for the carriers.
However, the US Customs and Border Bulletin offered a 51 -day period for the cost of vessel or aircraft and in transit to the US before 12:01 am on Saturday. These costs must arrive by 12:01 am et 27. May to avoid 10% tax.
Higher “reciprocal” tariff rates Trump in the range of 11% to 50% are determined on Wednesday. The import of the European Union will face 20% of the tariff while Chinese goods will be hit by 34% of the tariff, which will bring Trump Overall new taxes from China up to 54%.
Higher “reciprocal” tariff rates Trump in the range of 11% to 50% are determined on Wednesday. (Chip somodevilla / getty images / getty images)
Vietnam will be hit by 46% of the tariff and on Friday agreed to negotiate an agreement with Trump. The country benefited from the shift of the US supplier chains away from China after the Trump Trade War with Beijing during his first term.
Canada and Mexico have been exempt from Trump's latest fees because they are still subject to 25% of the tariff for goods that do not meet the rules of origin in the US-Mexiko-Kanada.
Substantial goods, 25% of national safety tariffs, including steel and aluminum, cars, trucks and automatic parts, are not covered by the new tariff.
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It seems that there is no time for costs on Saturday at midnight. (Photos Reuters / Reuters)
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Administration also issued a list of more than 1,000 categories of products exempt from tariffs, including oil, oil products and other energy, medicines, uranium, titanium, lumber and semiconductors and copper. These categories of products have been awarded at $ 645 billion in 2024 imports.
With the exception of energy, the administration examines several of these sectors for other national safety tariffs.
Reuters contributed to this report.
