According to The Kobeissi Letter, President Trump has announced that Wednesday will be marked as 'Liberation Day' with the introduction of tariffs exceeding 20% on imports from over 25 countries. These tariffs are projected to affect over $1.5 trillion worth of imports by the end of April. This move is significant for traders as it could lead to increased costs for imported goods, potentially affecting market prices and trade balances. Traders should monitor the affected countries and sectors to adjust their strategies accordingly. Source: The Kobeissi Letter.

According to @KobeissiLetter, the US has imposed a 25% tariff on goods imported from Canada and Mexico, effectively increasing the cost of $100 worth of goods to $125. In 2023, the US imported $910 billion worth of goods from these countries, which means many imported items will now be costlier, potentially affecting trade balances and pricing strategies.