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Stock impact report

CNBC Daily Open: Trump tariffs will take effect ‘immediately' but could be milder than thought [CNBC]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: CNBC
The dread of something bad happening is usually more severe than the event itself such as heading back to work after a holiday). This could well be the case for U.S. President Donald Trump's wide-ranging tariff plan. Even though Trump initially described it as “reciprocal tariffs,” implying that the U.S. would match other countries' import levies, the White House is reportedly considering a 20% charge on most goods and services. The figure sounds high, but is dramatically lower than, for instance, India's tariff on auto imports — which can go up to 70%, according to Times of India. Investors' worries were slightly assuaged by the news, pushing up stocks. It is, however, too early to let down your guard. Concrete details of Trump's plans are still unclear. Uncertainty is a bargaining chip for Trump; he could unleash a much more brutal tariff regime than expected. Other times, experiencing something bad could be worse than dreading it (such as when your boss unveils a company-wid Show less Read more
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