{"id":510020,"date":"2025-02-19T06:30:03","date_gmt":"2025-02-19T03:30:03","guid":{"rendered":"https:\/\/gymsozluk.com\/forum\/welcome-to-trumps-tariff-era-its-going-to-be-a-bumpy-ride\/"},"modified":"2025-02-19T06:30:03","modified_gmt":"2025-02-19T03:30:03","slug":"welcome-to-trumps-tariff-era-its-going-to-be-a-bumpy-ride","status":"publish","type":"post","link":"https:\/\/fitblog.biz\/forum\/welcome-to-trumps-tariff-era-its-going-to-be-a-bumpy-ride\/","title":{"rendered":"Welcome to Trump\u2019s tariff era. It\u2019s going to be a bumpy ride"},"content":{"rendered":"

President Donald Trump speaks to reporters at the White House in Washington, DC, on January 30. Chip Somodevilla\/Getty Images
\nCNN
\n\u2014
\nJust about everyone thought it was a bluff. Top analysts from the biggest banks on Wall Street said it was highly unlikely. Stocks were trading like it wouldn\u2019t happen. Some companies built contingency plans, but they weren\u2019t exactly rushing to make changes.
\nblacksprut com<\/a>
\nBut the tariffs are coming \u2014 in full force. President Donald Trump announced Saturday that a massive 25% tariff on all goods from Mexico and most imports from Canada will go into effect Tuesday. An additional 10% tariff on Chinese goods will be enacted the same day. <\/p>\n

Trump in a message posted on Truth Social Sunday said, \u201cWe don\u2019t need anything they have. We have unlimited Energy, should make our own Cars, and have more Lumber than we can ever use.\u201d But America\u2019s supply chains are reliant on its trading partners, and even for goods that could be grown or produced exclusively in the United States, the complex web of interconnected global trade cannot easily be unwound.
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\nSo the additional costs on foreign-made goods will be paid by American importers, who typically pass those costs onto retailers, who pass them onto inflation-weary consumers. That means prices will rise \u2014 although, for most items, not immediately. Businesses\u2019 profits will be squeezed as they bear the cost burden of the tariffs or pay to adjust their carefully constructed and at times inflexible supply chains. <\/p>\n

That\u2019s why stocks on Monday were set to tumble. Dow futures were more than 600 points, or 1.3% lower. S&P 500 futures sank 1.5%. and Nasdaq futures were 1.7% lower. <\/p>\n

Globally, stocks fell, too. Major European indexes were down across the board, and Asian markets closed sharply lower. Bitcoin and other cryptos tumbled, brought down by growing fears of a recession. The US dollar rose sharply. <\/p>\n

Energy costs surged: US crude oil rose 2.3% and natural gas spiked 7%. Despite a lower 10% tariff on Canadian electricity, natural gas and oil exports to the United States, the energy industry said it will not be able to quickly or easily find alternate sources. Diesel and jet fuel costs in particular will rise, according to Angie Gildea, the US energy sector lead at accounting firm KPMG, adding costs to all shipped goods and air travel.
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\n\u201cAny infrastructure upgrades would not happen overnight,\u201d Gildea told CNN. \u201cTariffs on Canadian oil would increase costs for US refiners, leading to price hikes for consumers.\u201d <\/p>\n

Auto industry stock futures were particularly hard-hit, because virtually all American-made cars are manufactured at least in some part in Mexico or Canada \u2014 what was a free-trade zone. GM (GM) fell more than 6%, Jeep and Chrysler maker Stellantis (STLA) was down 5% and Ford (F) fell more than 3%.<\/p>\n","protected":false},"excerpt":{"rendered":"

President Donald Trump speaks to reporters at the White House in Washington, DC, on January 30. Chip Somodevilla\/Getty Images CNN \u2014 Just about everyone thought it was a bluff. Top analysts from the biggest banks on Wall Street said it was highly unlikely. Stocks were trading like it wouldn\u2019t happen. Some companies built contingency plans, […]<\/p>\n","protected":false},"author":106216,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[96701],"class_list":["post-510020","post","type-post","status-publish","format-standard","hentry","category-work","tag-welcome-to-trumps-tariff-era-its-going-to-be-a-bumpy-ride"],"_links":{"self":[{"href":"https:\/\/fitblog.biz\/forum\/wp-json\/wp\/v2\/posts\/510020","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fitblog.biz\/forum\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fitblog.biz\/forum\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fitblog.biz\/forum\/wp-json\/wp\/v2\/users\/106216"}],"replies":[{"embeddable":true,"href":"https:\/\/fitblog.biz\/forum\/wp-json\/wp\/v2\/comments?post=510020"}],"version-history":[{"count":0,"href":"https:\/\/fitblog.biz\/forum\/wp-json\/wp\/v2\/posts\/510020\/revisions"}],"wp:attachment":[{"href":"https:\/\/fitblog.biz\/forum\/wp-json\/wp\/v2\/media?parent=510020"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fitblog.biz\/forum\/wp-json\/wp\/v2\/categories?post=510020"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fitblog.biz\/forum\/wp-json\/wp\/v2\/tags?post=510020"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}