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Stocks slide globally as investors digest Trump's new tariffs—and analysts warn their ‘greatest fears' are yet to come [Fortune]
Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations: investor.apple.com
Analysts warn the true impact of these tariffs will hit the U.S. economy in the coming months through higher costs for companies and consumers. Import taxes are now at their highest since the 1930s. S&P 500 futures are down nearly 1% this morning, prior to the opening bell, and stocks across the globe are tumbling too as investors digest Day 1 of President Trump's latest tariff regime. That's only the short-term reaction. The real effects of tariffs won't arrive in the U.S. for months, analysts are warning. Although today's selloff is negative, it's also muted, according to Deutsche Bank . “The US tariff rate has risen to about 15% from a little over 2% at the start of the year. That's their highest level since the 1930s but that has not prevented US equities from being near their all-time highs and other markets being much stronger this year,” Jim Reid and his team told clients this morning. (South Korea's KOSPI fell an astonishing 3.9% today but most of that was because of a
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