ListTariffs & Reshoring stocks and the S&P 500 after the announcement, cumulative %
Actions by the United States in the Investigations Under Section 301 of the Trade Act of 1974 of the Acts, Policies, and Practices of 60 Economies Related to the Failure of Each Economy To Impose and Effectively Enforce a Prohibition on the Importation of Goods Produced With Forced Labor
MemorandumTariff raisedSigned 07/23Federal Register 07/28Open the original
Summary
A memorandum to the U.S. Trade Representative on actions in the section 301 investigations of 60 economies that fail to prohibit imports of goods made with forced labor. USTR proposed tariffs of 10 or 12.5 percent, exemptions for certain goods and textile quotas, and advised section 301 tariffs net of MFN tariffs for the European Union, Japan, Korea, Switzerland and Taiwan.
By industry
- Tariffs & Reshoring1 trading day+3.8%p15 stocks5 trading days+2.3%p15 stocks20 trading days−0.3%p15 stocks
“The Trade Representative proposed tariffs of 10 percent ad valorem on goods of economies that”
Day by day after the announcement
| Day | Tariffs & Reshoring stocks | S&P 500 |
|---|---|---|
| 26/07/22 | 0.0% | 0.0% |
| 26/07/23 | +2.8% | −1.0% |
| 26/07/24 | +3.7% | −1.1% |
| 26/07/27 | +3.3% | −1.0% |
| 26/07/28 | +4.5% | −0.7% |
| 26/07/29 | +0.5% | −1.8% |
| 26/07/30 | +0.6% | −0.5% |
| 26/07/31 | +1.2% | −0.2% |
| 26/08/03 | +2.7% | +1.6% |
| 26/08/04 | +8.3% | +3.5% |
| 26/08/05 | +10.2% | +3.4% |
| 26/08/06 | +8.5% | +3.1% |
| 26/08/07 | +11.1% | +3.6% |
| 26/08/10 | +11.4% | +3.6% |
| 26/08/11 | +11.6% | +3.3% |
| 26/08/12 | +10.4% | +3.6% |
| 26/08/13 | +9.2% | +4.3% |
| 26/08/14 | +8.8% | +4.0% |
| 26/08/17 | +9.8% | +3.6% |
| 26/08/18 | +6.1% | +2.9% |
| 26/08/19 | +2.9% | +3.2% |
Korean stocks in these industries
- Hyundai Steel 004020
- POSCO Holdings 005490
- SeAH Steel Holdings 003030
Trades in these industries around the announcement
Members' and insiders' trades in the industries' stocks, 30 days before to 30 days after.
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