How much will Tariffs tank the stock market on August 1st?

The impact of tariffs on the stock market on August 1st is likely to be significant, but the extent of the decline will depend on various factors.

1. **Global Market Sentiment**: The anticipation of tariffs has already created volatility in the market. As the deadline approaches, investors may become more cautious, leading to increased selling pressure on stocks, especially those related to international trade.
2. **Sector-Specific Impact**: Certain sectors, such as technology and consumer discretionary, could be more affected by tariffs, as they rely heavily on global supply chains. The increased costs of imported goods could compress margins for companies in these sectors.
3. **Country-Specific Impact**: The tariffs are country-specific, and the impact on the stock market will depend on which countries are affected and the severity of the tariffs. For example, Japan and the EU have struck deals that could mitigate the impact of tariffs, while Brazil and India face higher tariffs that could have a more significant negative effect.
4. **Historical Performance**: In the past, the stock market has shown resilience in the face of tariffs, with some sectors and countries experiencing negative impacts while others have seen relative gains. This suggests that while there may be a market downturn, it may not be uniform across all sectors and indices.
5. **Market Adaptation**: The market may adapt to the new tariff regime over time, and the initial reaction could be followed by adjustments as companies and investors adjust their strategies.

In conclusion, while the stock market is likely to experience a decline on August 1st due to the tariffs, the magnitude of the impact will vary by sector, country, and market sentiment. Investors should monitor these factors closely to gauge the extent of the potential downturn.