Streetbeat News

Trade Policy

FBN

Senator Roger Marshall from Kansas appeared on Fox Business to discuss President Trump's retaliatory tariffs, focusing on national security implications. The segment highlights ongoing trade tensions, particularly with China, and the potential economic and strategic motivations behind these tariff actions.

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April 02, 2025 | 1:45 am

SPY

A Goldman Sachs research team predicts potential GDP drag due to foreign boycotts of US products, with tourism pullback being the most significant factor. Canada is highlighted as a key example, with 53% of consumers boycotting US goods and provincial alcohol monopolies removing US products from shelves.

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April 02, 2025 | 1:30 am

USO

Oil prices remained stable on Wednesday amid anticipation of new U.S. tariffs and ongoing geopolitical tensions. The market is watching for potential trade war implications, U.S. inventory data, and an upcoming OPEC+ meeting that could impact global oil production.

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April 02, 2025 | 1:15 am

FXE

The EUR/USD currency pair is trading near the 1.0800 level as traders await President Trump's potential tariff announcement scheduled for Wednesday. The market is in a state of anticipation, with uncertainty surrounding the exact details of the proposed tariffs, which have been previously delayed multiple times.

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April 02, 2025 | 12:30 am

SPY

Jim Cramer, host of CNBC's 'Mad Money', expressed strong concerns about the potential implementation of tariffs on all imports, suggesting such a move would be extremely detrimental to the overall US economy. Cramer's commentary highlights potential widespread economic disruption and negative market implications.

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April 02, 2025 | 12:15 am

ADP

Financial markets experienced a late-day positive turn, with uncertainty surrounding the upcoming tariff implementation. The market is speculating about the potential structure of tariffs, including whether they will be uniform or have nuanced rates for different goods and countries.

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April 01, 2025 | 11:30 pm

LLY

MRK

PFE

Pharmaceutical stocks experienced a significant downturn on Tuesday, with Pfizer, Merck, and Eli Lilly all closing down between 2.7% and 3.2%. The market's nervousness stems from potential tariffs on foreign drug manufacturers, creating uncertainty about their scope and implementation. Despite some positive news like Pfizer's vaccine expansion and Eli Lilly's new distribution channel, trade concerns overshadowed sector developments.

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April 01, 2025 | 11:30 pm

TSLA

XLY

The article explores Tesla's position in the context of potential auto tariffs, which could significantly impact the automotive industry. While specific details are not provided, the news suggests that Tesla might face challenges related to international trade barriers affecting its global manufacturing and sales strategies.

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April 01, 2025 | 11:30 pm

SPY

CNBC's Jim Cramer criticized potential 20% tariffs on U.S. imports, arguing they would harm the economy. He highlighted five key concerns: the U.S. is now a service economy, historical precedents of tariffs causing economic damage, unclear tariff collection mechanisms, misguided tariffs on Canadian goods, and potential inflationary impacts.

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April 01, 2025 | 11:30 pm