S&P 500 Defies Trump’s Tariff Onslaught: Furniture, Drugs, and Trucks Unfazed
Markets yawn as protectionist policies meet Wall Street resilience.
The Immunity Playbook
Trump's latest tariff blitz targeting furniture, pharmaceuticals, and trucks barely registered on the S&P 500's radar. Investors treated the announcement like yesterday's news—absorbing the headline shock before returning to their coffee.
Global Supply Chains Just Shrug
Multinational corporations have spent years diversifying supply routes since the 2018 trade wars. Today's tariff threats hit like blunt swords against armored logistics networks. Production shifts that once took quarters now happen in weeks.
Wall Street's Selective Deafness
When earnings projections outweigh political rhetoric, traders vote with their portfolios. The market's muted response speaks volumes about discounted political risk—and Wall Street's growing immunity to headline volatility.
Another day, another tariff threat that markets priced in before the ink dried on the presidential memo. Maybe someone should tell Washington that modern capital flows bypass borders faster than policy papers can be drafted.
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In a series of Truth Social posts, TRUMP said that the U.S. would begin charging a 50% tariff, effective October 1, on kitchen cabinets, bathroom vanities, and “associated products.” On top of that, upholstered furniture will face a 30% tariff.
“The reason for this is the large scale ‘FLOODING’ of these products into the United States by other outside Countries,” Trump said.
Trump Sets New Tariffs on Drugs, Trucks
Furthermore, Trump announced new tariffs on drugs and trucks. Any branded or patented pharmaceutical product will incur a 100% tariff, unless the drug manufacturer is building a pharmaceutical plant in the U.S. Trump defined “building” as “‘breaking ground’ and/or ‘under construction.’” In addition, imports of heavy trucks to the U.S. will be hit with a 25% tariff.
The benchmark index is holding steady as tariffs on home renovation goods threaten consumer spending, with the latest Personal Consumption Expenditures (PCE) inflation data providing support.
