On 2 Apr 2025, dubbed as “Liberation Day” by the current U.S. administration, a “show-and-tell” by the incumbent president on the imposition of reciprocal tariff rates on every possible nation and territory in the world, had wiped off at least USD 2.4 trillion worth of market cap from Wall Street1.
Picture generated by Meta AI
Apple plunged close to 15.8% over two days, and Amazon’s price down by around 12.6% over the same period, due to their supply chains intertwining closely with China, one of the main targets of the tariff drive. Across the global markets, indices and prices were down in various magnitudes over the uncertainties of the impact that the tariffs would bring.
In this post, I would not delve into the intricacies and implications of the tariff rates, and the main macroeconomic reasons why the U.S. is doing this, as these are factors way beyond our control, I will instead focus from the investor side of things....