From Yahoo Finance: 2025-04-02 20:55:00

President Trump announces 10% tariffs on global imports, excluding USMCA-compliant goods. 60 countries, including China, face higher tariffs, with rates up to 54%. Canada and Mexico will see 25% tariffs. Retailers like Walmart, Target, and Costco are bracing for impact, seeking ways to minimize consumer costs. Tariffs take effect soon, impacting prices and profit margins for businesses. Businesses may need to raise prices or adjust margins to adapt to the changes. Low-cost items from Asia will also face higher tariffs, potentially increasing consumer costs. Amazon may benefit from increased competition due to tariffs. Despite the short-term impact on businesses, tariffs may not be permanent and could be negotiated down in the future. Investors may see opportunities to buy stocks during market fluctuations. Analysts recommend “Double Down” stock picks for potential growth.

Read more: President Trump Announces 10% Tariffs on Global Imports. 3 Things Investors Need to Know.