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Treasury Secretary Bessent says it's 'not the end of the world' if Trump's snapback tariffs go into effect on Friday

1. US Treasury Secretary downplays concerns over upcoming tariff deadlines. 2. August 1 set as the final date for trade agreement negotiations. 3. President Trump supports both reaching deals and imposing tariffs. 4. Major trading partners are racing to negotiate before the deadline. 5. China negotiations are on a different timeline from other countries.

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FAQ

Why Bearish?

The potential for increased tariffs could negatively affect market confidence. Historical tariffs generally lead to market volatility, similar to 2018's tariffs impacting S&P 500.

How important is it?

Tariff announcements have significant direct effects on the S&P 500, with sectors like industrials potentially being hit hard.

Why Short Term?

If tariffs are imposed, immediate market reactions could arise. However, longer-term impacts depend on subsequent negotiations and economic adaptation.

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