Tariff headlines can continue to weigh on equities for the foreseeable future, though how far the damage goes ultimately depends on how long the levies last, firms say.
How far the tariff sell-off can go may depend on how long they last, according to Wall Street firms. Stock futures plunged Monday after President Donald Trump hit several key trading partners with tariffs over the weekend. He implemented a 25% tariff on goods imported from Mexico and Canada, while China was hit with a 10% levy. Dow Jones Industrial Average futures were last down more than 600 points. S & P 500 futures dropped 1.6%, while Nasdaq-100 futures lost 1.7%.
This tells us that the equity market had been leaning toward a gradual/measured approach on China and tariffs on Mexico/Canada that either wouldn't be imposed or would be very short-lived following mitigation of security considerations. From here, the market's previous baseline view is likely to be tested the longer these tariffs stay on.
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