<ul data-eligibleForWebStory="false"><li>U.S. President Trump proposed 30% tariffs on the European Union and Mexico, expressing frustration with failed negotiations on trade deals.</li><li>Stock markets initially perceived the tariffs as a bluff on April 3 but are now reacting as the U.S. plans to implement them starting on August 1.</li><li>Tech stocks like Nvidia (NVDA) boosted the market, with Nasdaq, S&P 500, Dow Jones, and small-cap sectors benefiting from the market capitalization increase.</li><li>Markets appear complacent despite the tariff threat, but caution is advised due to the potential impact on global trade, with banks like Bank of America (BAC) and Citigroup (C) expected to underperform.</li></ul>

How Might Stock Markets React to 30% Tariffs?

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