The tariff turmoil isn’t over despite Trump’s 90-day delay

The markets decline again-more than 24 hours after the S&P 500 got the best gathering in one day since 2008, when investors chanted the 90-day tariff for president Trump.

The White House confirmed on Thursday morning that the total amount of definitions on China will now be 145 % when the previous 20 % duties are already present. The news was a surprise to the market, as President Trump posted on the social truth on Wednesday that the rate of tariffs imposed on China would be 125 %.

The stocks struck their lowest levels on the news. The S&P 500 (GSPC) has decreased by more than 3.9 %, while the nasdaq (ICOX) decreased by 4.5 %. The Dow Jones Industrial Index (^DJI) decreased more than 1300 points, or more than 3 %.

The reflection on the market reflects the Wall Street strategic number who talks about the current status of play. On Wednesday, Trump removed the worst scenario of the situation for investors who are concerned about the definitions that slow economic growth. But this step can be temporary. It is only “stop for 90 days”.

While the rapid shift mention on Thursday in the rate of customs tariffs investors, all this uncertainty about Trump’s financial policy is not going anywhere.

“I still think this is” selling Rip “more than” buy Dip ” [in stocks] – Many problems continue, but it is good to see the president retreating and focusing on China, “The President of the Kid Economy in the Renaissance wrote Neil Dota in a note during the Wednesday gathering.” The issue is a long uncertainty. “

Economists like Dutta are still discussing the United States, which is entering the recession later this year. Economic growth data slowed down to the start of 2025, and the fear of companies’ investment is less while waiting to hear more information about the tariffs, there is still a shadow on stock expectations.

“In general, we are still somewhat”, “Brent Shot, the North West Western Resources Management Company for Yahoo Finance on Thursday.” Some tension certainly came out of boiling, but there is still a lot of uncertainty there. For me, uncertainty means that people are more decisive, executive and consumers alike. This is the risk to move forward in the next ninety days. “

This means that the expectations of the companies circulating publicly are still mysterious. Strategists do not believe that the next round of financial reports in the first quarter, which start with large banks such as JPMorgan (JPM) on Friday, will change this image a lot.

“One of the big concerns we have at the present time is that the next reports season seems to look like a box of chocolate (which is likely to be sweet) for us – we are not sure of what we will get,” wrote the head of the US RBC market from the United States, Lori Calvasina, in a note of clients on Thursday.