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What to know about Trump’s new tariffs on more than 80 countries

trade_policyGlobalThe Guardian24 Jul, 01:56 UTC

Context

Tariffs ranging from 10%-12.5%, taking effect on Friday, are US president’s latest effort to circumvent Congress Just before a temporary levy on global imports was set to expire, the Trump administration issued a fresh wave of tariffs on more than 80 countries late on Thursday, ranging from 10% to 12.5%. The new tariffs take effect Friday morning. It’s Donald Trump’s latest effort to continue imposing global levies without congressional approval, despite the supreme court ruling in February that found the US president had illegally used his executive power to implement his global trade policies. Trump has long maintained that the US has been paying more than its fair share in tariffs, and that increased duties are necessary to boost American manufacturing and jobs. Continue reading...

What it means

No call: the only market channels here were low-conviction — below our selectivity bar, where the track record shows no reliable edge.

Causal chain

No clear market signal

How to read a signal
Severity
the event's market impact, 1–5
Direction
/ likely price move for the asset
Exp. move
the size of the abnormal move we'd expect if the call plays out — not a claim a move will happen:
Ssmall<1%
Mmoderate1–5%
Llarge>5%
Most flagged events don't move beyond noise; those count against us (see the track record).
Timeframe
the window we measure over:
1dshort
5dmedium
21dlong
Conviction
how well-established the directional call is (textbook → speculative) — not a guaranteed outcome:
low
average
strong

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Not investment advice · for informational purposes only. Generated 24 Jul, 02:15 UTC