Market-Moving News :
🇺🇸 President Trump’s ‘Liberation Day’ Tariffs Implemented: On April 2, President Donald Trump announced a series of new tariffs, referred to as “Liberation Day” tariffs, aiming to address trade imbalances. These include a baseline 10% tariff on all imports, with higher rates for specific countries: 34% on Chinese goods, 20% on European Union products, and 25% on all foreign-made automobiles. The administration asserts these measures will revitalize domestic industries, though critics warn of potential price increases for consumers and possible retaliatory actions from affected nations.
Key Data Releases
Thursday, April 3:
Initial Jobless Claims (8:30 AM ET):
Forecast: 225,000
Previous: 224,000
Measures the number of individuals filing for unemployment benefits for the first time during the past week, providing insight into the labor market’s health.
Trade Balance (8:30 AM ET):
Forecast: -$76.0 billion
Previous: -$131.4 billion
Indicates the difference in value between imported and exported goods and services, reflecting the nation’s trade activity.
ISM Services PMI (10:00 AM ET):
Forecast: 53.0
Previous: 53.5
Assesses the performance of the services sector; a reading above 50 suggests expansion.
️ Disclaimer: This information is for educational and informational purposes only and should not be construed as financial advice. Always consult a licensed financial advisor before making investment decisions.
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