U.S. stocks just wrapped up their strongest month since 2023, with the S&P 500 and NASDAQ riding high. But as markets closed on Friday, former President Donald Trump dropped a trade policy bombshell 💣—announcing steeper tariffs on steel and aluminum imports during a rally with steelworkers in Pennsylvania.
The move, aimed at boosting domestic industries, has traders and global markets bracing for ripple effects 🌊. While U.S. stocks initially celebrated their recent wins, experts are now eyeing how these tariffs could reshape international trade dynamics—and whether allies or rivals will respond with their own measures.
Trump’s latest playbook move? Prioritizing American manufacturing jobs 🛠️, a theme resonating in key battleground states. But with global supply chains still recovering from pandemic shocks, the timing adds fresh uncertainty to an already complex economic landscape.
