It’s tariff week, my dudes.

And the mess you’re seeing is the market preparing for it.

On Wednesday, Donald Trump's gonna announce more import taxes on top of the ones that are already in place or have been announced.

Here's what's already live:

25% on all steel and aluminum;

25% on most Canadian goods, plus a 10% on Canadian energy;

25% on all imports from Mexico;

20% on a bunch of Chinese goods.

Here's what's going live this week:

25% on all imported cars;

25% on all countries that buy Venezuelan oil.

So, what’s coming on Wednesday? No one knows exactly, but Trump reportedly wants to hit every country with more tariffs and then just, quote, “see what happens.”

Of course, other countries aren’t just gonna sit there and smile.
It seems like we're going into a tariffs on tariffs on tariffs type of situation (= a global trade war).