The U.S. Tariff Rate just increased dramatically; this is the worst-case scenario. The new tariffs are stacked on top of previously-existing tariffs. These will have to be dealt with by both manufacturers and consumers: The question is whether or not the cost of the tariffs can be passed on to the consumer. This WILL drastically change companies' forward earnings estimates, which have been very elevated and needed to come down; this will do that. Markets price on what future expectations will be...and this does not leave much upside for markets this year. There will be lots of volatility, lots of trading ranges, but not a lot of upside. In fact, we may well have already seen the upside for the year. The silver lining here may be that these tariffs ARE the worst-case scenario, and there is time before they go into effect (in which time, they could be adjusted as countries respond.) We would be cautious about selling during this sell-off. Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO  Produced by Brent Clanton, Executive Producer ------- Watch the video version of this podcast: https://www.youtube.com/watch?v=4L7DmJ4JA8M&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Get more info & commentary:  https://realinvestmentadvice.com/insights/real-investment-daily/ ------- REGISTER FOR OUR NEXT CANDID COFFEE (3/29/25) HERE: https://streamyard.com/watch/Gy68mipYram2 ------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #DownsideRisk #Tariffs #LiberationDay #MarketCorrection #MarketPullback #MarketRally #MarketBounce #200DMA #MarketSupport #MarketLows #InvestingAdvice #Money #Investing