Why U.S. Stocks Were Sent Tumbling

The transcript discusses the potential for a trade war, focusing on NAFTA talks and the impact of trade deficits. It highlights the sources of steel imports and the market's reaction to trade news, particularly the Russell 2000 and S&P 500 indices. The discussion also covers the asymmetry in trade, with concerns about exports like technology and agriculture. Finally, it contextualizes the size and impact of steel and aluminum imports on the U.S. economy.

What was a forgotten element of Trump's platform that is being revisited?

• Healthcare reform

• Trade policies

• Education reform

• Environmental policies

Which countries are major sources of steel imports to the United States?

• Russia and Australia

• Mexico and Canada

• Brazil and South Korea

• India and Japan

What is the impact of trade policies on smaller cap companies?

• They gain market share

• They experience steeper losses

• They are unaffected

• They benefit significantly

What percentage of a car's cost is attributed to steel, according to Bloomberg Intelligence?

• 5 to 6%

• 7 to 8%

• 3 to 4%

• 1 to 2%

What is the expected impact of a 25% tax on the trade deficit?

• It will significantly reduce the deficit

• It will have no impact

• It will not make a noticeable mark

• It will slightly reduce the deficit