## Trump’s Tariffs: A Market Shrug?
This article from CNBC’s Daily Open explores the market’s reaction to President Trump’s recent announcement of hefty tariffs on copper and pharmaceutical imports. While the tariffs are significant, the initial market response has been surprisingly muted, leading to questions about investor complacency.
- Tariff Announcement: President Trump announced tariffs of 50% on copper imports and up to 200% on pharmaceuticals.
- Market Reaction: The S&P 500 closed mostly flat, suggesting a lack of significant concern from investors.
- Expert Opinions: Some market watchers caution against dismissing the tariffs, while the White House downplays the potential impact on prices.
- White House Perspective: Stephen Miran, chairman of Trump’s Council of Economic Advisers, downplayed the likelihood of tariffs leading to higher prices.
- Other Market News: The article also touches on Elon Musk’s response to a Tesla analyst and Shein’s IPO filing in Hong Kong.
- Global Response: Global markets, including Asia-Pacific and Europe, have also shown a muted reaction to the tariff announcements.
- Investor Sentiment: Some analysts suggest investors may have already factored in trade deal uncertainties, but caution against complacency.
For the full story, check out the original article on [CNBC’s Daily Open](link to the original article).