Yet the market (as of July 11) isn't far off from its all-time high, and it doesn't seem to be poised for the same explosive sell-off that occurred in early April. Is the stock market underestimating Trump's tariffs?

This article will be updated throughout the day, so check back often for more daily updates. President Trump announced tariffs will rise on imports from more than a dozen countries yesterday, then proceeded to widen the tariffs war on a second front.