President Donald Trump made his “Liberation Day” announcement on April 2nd and unveiled a tariff plan in a White House Rose Garden event titled “Make America Wealthy Again.” He outlined a two-pronged tariff strategy with a baseline 10% universal tariff on all imports into the United States, effective at 12:01 AM on April 5th.
On top of these tariffs, reciprocal tariffs were also announced for approximately 60 countries, effective at 12:01 AM on April 9th. These tariffs are tailored to match or approximate the duties and trade barriers (monetary and non-monetary) that each country imposes on U.S. exports.
For some “worst offenders,” tariffs reach up to 50% of what those nations charge U.S. goods. Markets have already sold off sharply after the tariff announcements. Here are three stocks that are going to be among the hardest hit as their fundamentals are going to be hit hard by tariffs.
This post originally appeared at Money Morning.