Jobs report came out today if you weren't aware and the tariffs are much tamer than initially feared.
Futures didn't tank on news of his departure for no reason.
Futures always rise or fall for a reason, but the reality when the market opens can be quite different. Remember on election night they initially spiked down over 800 pts, how did that work out?
I believe the tariffs take effect 2 wks from when the paper was signed. Keep in mind the US imports approx 28% of our steel, and canada and mexico(who were excluded) account for approx 27% of those imports. So approx 19% of the steel used in the US will be subject to a 25% tariff - we'll survive. Or perhaps some companies will shift to purchasing US steel to avoid the tariffs, which is the whole point?