- President Trump’s latest tariff salvo—threatening 10%-70% levies on non-deal countries and an extra 10% for BRICs—would once have rattled markets. Instead, the S&P 500 now sits at a record high (6,279.35), with volatility muted and the VIX “fear” index dormant. Analysts say investors now treat policy chaos as background noise; uncertainty is simply the new certainty.
President Trump said last night he will begin sending letters to the various countries that did not sign trade deals with the U.S. since April, imposing tariffs upon them of 10%-70%. He also said he would punish any country aligned with the BRICs group (that’s Brazil, Russia, India, and China) with an extra 10% tariff. The new deadline for these tariffs to take effect will be August 1.
