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Here's Your Fortune: Ohhhh Tariffs...

Tomorrow’s Fortune
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TOP STORY
Trump’s Tariffs Are Back — And They’re Bigger Than Ever
April 2025 could mark a turning point in the global trading order. Here’s why markets are watching—and worried.
On April 2, 2025, President Trump announced a sweeping new set of tariffs on imports into the United States, citing a “national emergency” caused by the country’s long-standing trade deficits. Dubbed “Liberation Day Tariffs” by the administration, these measures go far beyond his 2018-2019 trade war playbook—and the stock market is reacting accordingly.
Market Shock: The S&P 500 fell 3.6% the day after the announcement. Logistics, manufacturing, and consumer goods stocks saw the biggest hits.
Retailers warn of price hikes, while economists forecast inflationary pressure returning just as the Fed was preparing for rate cuts.
Supply chain adjustments are already underway, with manufacturers accelerating "China+1" sourcing strategies and ramping up Mexico operations.
But beneath the headlines, how do tariffs actually work? And what does this mean for the economy moving forward?
How Tariffs Actually Work (And Who Pays)
A tariff is a tax imposed by a government on goods imported from abroad. Think of it as an extra fee tacked onto the price of any foreign-made product entering the country. There are two main types: