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Trump's sweeping new tariffs send global stocks plunging

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Countries seeking to sell goods to the United States will now face taxes as high as 54% based on how the White House is calculating duties on U.S. exports.
From NBC News
U.S. President Donald Trump has for weeks pegged April 2 as a "Liberation Day" to impose an array of new tariffs that could upend the global trade system, but has provided few details.
From Reuters
US officials said Mexico and Canada would for now avoid the US’s reciprocal tariffs, and would instead continue to have the levies Trump applied to their goods over border security and fentanyl issue...
From The Financial Times

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Trump's "Reciprocal Tariffs": Why Major AI Stocks Apple, Meta, and Alphabet (Google) Are Feeling the Heat Today
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President Trump imposed new 20% tariffs on US imports from the EU with the stated intention ... far less than the nearly 5% selloff in industrials stocks overall. The author or authors do not own shares in any securities mentioned in this article.
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