Finance Foggle

  Key Takeaways Global markets showed surprising calm  after Trump's new tariffs, with Asian and European stocks rising despite threats . Investors revived the "TACO theory"  (Trump Always Chickens Out), betting tariffs won’t stick due to negotiation flexibility . Corporate earnings reports (starting July 15)  will reveal real tariff impacts—profit margins face pressure if costs aren’t passed to consumers . The EU and India avoided immediate tariffs , signaling potential deals that eased investor nerves . Long-term risks remain  as August 1 deadlines and debt ceiling talks could reignite volatility . Markets’ Muted Monday: Why Panic Didn’t Stick So Wall Street  did  dip when Trump dropped them tariff letters on Monday—Dow down 422 points, S&P off 0.8%, tech stocks dragging Nasdaq lower too . Auto stocks like Toyota and Honda got hit hardest, falling 4% and 3.9% as traders priced in the 25% duties on Japanese cars . South Korean tech firms like LG D...