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Trump's Tariffs Spark Trade War Fears, S&P Gains 3.8%

4/13/2025

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Trump's Tariffs Impact

Wall Street experienced a rollercoaster week as President Trump's tariffs on American goods surged to 125%, igniting fears of a trade war with China. Despite the turmoil, the S&P 500 managed to close the week with a 3.8% gain. Across the Atlantic, Ursula von der Leyen and the EU are working to bolster global trade ties amidst these rising tensions.

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Amazon's Stock Surge

Amazon's stock surged 8% this week, breaking a nine-week slump, as uncertainty looms over President Trump's tariffs. While analysts warn that tariffs may raise consumer costs and hinder enterprise AI growth, Amazon's CEO exudes confidence, emphasizing the company's agility in navigating shifting trade landscapes and its commitment to AI innovation.

History

Historical Context

President Trump's recent tariff hike to 125% on American goods echoes the 1930 Smoot-Hawley Tariff, which sparked a global trade war and worsened the Great Depression. Both actions reflect a protectionist shift, raising fears of economic instability and international retaliation, undermining decades of trade cooperation.

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Trump's Tariffs Impact

Wall Street experienced a rollercoaster week as President Trump's tariffs on American goods surged to 125%, igniting fears of a trade war with China. Despite the turmoil, the S&P 500 managed to close the week with a 3.8% gain. Across the Atlantic, Ursula von der Leyen and the EU are working to bolster global trade ties amidst these rising tensions.

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