President Trump's tariffs will equate to a nearly $1 trillion trade wall around the U.S., with huge impacts on every sector and every state in the U.S. economy.
Evercore ISI strategist Sarah Bianchi said the new policies put the effective tariff rate above the level of around 20% set by 1930's Smoot-Hawley Tariff Act.
Apple has warned that tariffs could hurt its business, prompt it to increase prices and potentially force it to stop offering certain products altogether.
The use of the Signal messaging app by top Trump officials came to light after The Atlantic's editor was added to a group chat about planned Houthi strikes.