Saturday morning, I rolled out of bed, grabbed my coffee, and did my usual market check. A sea of “red bars” immediately caught my eye. The S&P 500 had dropped 2.7%, and the Nasdaq Composite fell 3.6% — turn out the market just had the worst day since April. My first thought? “Okay, what happened now?”
A quick news scan summarized it in one line: President Trump announced a 100% tariff on Chinese imports and export controls on critical U.S.-made software, escalating trade tensions with China.
Naturally, I scrambled for the news. If we were to summarise it in one sentence, President Trump announced a 100% tariff on Chinese imports and export controls on critical U.S.-made software, escalating trade tensions with China.
But if you’ve been following my blog, you know I don’t just accept headlines at face value. I like to dig deeper, and here’s what I found.
What Really Happened
On Friday, President Trump made two big announcements:...