President-Elect Donald Trump Is Set to Impose Far-Reaching Tariffs. Here's What Happened to the Stock Market During the 11 Days Tariffs Were Announced in Trump's First Term.

Since his 2024 campaign, President-elect Donald Trump has promised far-reaching tariffs on many countries. Once Trump is formally inaugurated on Jan. 20, he can make that promise a reality through executive orders or the Republican-controlled Congress.A tariff is a tax on imports. Trump plans to use them to reduce the U.S. trade deficit and as a bargaining chip to get foreign countries to enact policies in line with his agenda regarding immigration and the border.Needless to say, investors are closely watching developments on tariffs, which had a big impact on the stock market during Trump's first term. Here's what happened to the stock market during the 11 days when tariffs were announced in 2018 and 2019.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool