Trump doubled on August 1st, tariff deadlines as stocks immerse themselves
- Market expanded its downward slide On Tuesday, investors remained wary of looming tariff deadlines, with the S&P 500 immersed 0.07%.
After the celebration June, I saw it The S&P 500 has hit a high and July is off to a pessimistic start. As President Trump, tariff threats are once again looming for investors I’ll insist He will face the new negotiation deadline for August 1st due to the tax bruise campaign he announced in April.
Stocks continue to have downward flooding since Monday, with the S&P 500 down 0.07%, driven by a modest drop from blue chip companies Amazon and Microsoft. And to ensure that vigilantes don’t want another delay, Trump posted to the true society that August 1 will be the final opportunity for US trading partners to come to the table after the previous Statement The deadline was not “100% solid.”
“Extensions are not permitted,” he wrote on his social media platform. “Thank you for being careful about this issue!”
Trump’s second term in office was an economic roller coaster, with stocks drastically falling after the release date tariff announcement in April before rebounding after a sudden demand. However, even if the market backed up, the original extension on July 9th remained as a time bomb. And playing cards signature Monday’s executive order pushed the deadline again on August 1, but it wasn’t enough to calm investors down.
The imminent mutual tariffs aren’t just economic policies expected from the White House this week. CNBC It’s going to be a “busy few days” on Monday. Tuesday, Trump announcement There is a new 50% tariff on copper, but he did not set a date when it would come into effect. To date, it is only available in the White House. Hammer out The UK-Vietnam deals and the expected deals with India remain uncertain.
The market continues to tremble, but Trump continues to put pressure on Federal Reserve Chairman Jerome Powell. On Tuesday, Trump told reporters that Powell should once again “resignate immediately.” Criticism The central banker’s decision not to lower interest rates. However, Powell cites the potential impact of tariffs on inflation as the reason the Fed has stabilized the rate.
Despite the volatility, stocks haven’t dipped sharply like they did in April when Trump first announced his tariff campaign and sent the market downwards spiral. And his post on Tuesday’s truth claimed that August 1 would be the last chance for the country to negotiate, but he has repeatedly moved the goal post in the past.
There was one bright spot in the red red on Tuesday TeslaCEO Elon Musk rose 1.33% on Tuesday despite his release with Trump. Wedbush analyst Dan Ives in a new memo on Tuesday morning I wrote it That Tesla has reached a “tip point” and asks the board to end the “soap opera.” One of his recommendations was that masks would reduce his work. This includes recent campaigns to create new political parties.
After Ives posted his request xMusk issued a simple one reply:”shut up,”