And it was steep.As details of the new tariffs spread by text messages and tweets, executives and investors realized that Trump’s tariff threats were becoming a harsh reality.Dan Ives, managing director of Wedbush Securities,

Some countries are promising swift countermeasures; others are asking for an opportunity to negotiate with the U.S. to avoid trade war.

The announcement, which has been teased by the administration, comes on the heels of other tariffs already put in place on good from Cananda and reciprocal tariffs tariffs by the neighbors to the north on American goods Trump will unveil his global tariffs plan today at a 4 p.