LikeFolio Tariff Update

Yesterday President Trump announced new tariffs, including a 10% baseline on all imports and additional country-specific rates.

The policy also ends de minimis treatment for low-cost shipments from China and Hong Kong, applying either a 30% duty or a $25 tariff per item, with a scheduled increase to $50 in June.

Markets reacted quickly, with declines in globally exposed names and broader volatility as investors began assessing the long-term impact.

As the dust settles, Landon is breaking down how he’s thinking about things from here—what’s priced in, what’s overdone, and where real opportunity may emerge next. Watch the full breakdown below.