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Trump threatens even larger tariffs on EU, Canada if they work together to cause ‘economic harm' to the US

1. President Trump announced 25% tariffs on imported autos. 2. Larger tariffs threatened if EU and Canada harm US economy. 3. European automakers express concerns over trade war impacts. 4. Canada retaliates with $21 billion in tariffs against the US. 5. EU imposes tariffs on American goods worth $28 billion.

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FAQ

Why Bearish?

Previous trade wars have led to market volatility; tariffs could harm economic growth.

How important is it?

Tariffs directly impact profitability for major S&P 500 constituents like automakers and suppliers.

Why Short Term?

Immediate market reactions are expected as tariffs are implemented, affecting S&P 500 companies quickly.

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