Here's the stock-market playbook for the August 1 tariff deadline
Investors waited anxiously for the July 9 tariff deadline only to be met with a new date of August 1, and while the window for negotiations has been pushed out, tariffs are likely still coming.
President Donald Trump committed to the new date this week, stating that no new extensions would be granted. His updates included a barrage of tariff letters to more than 20 countries, with threats of 25% tariffs on Japan and South Korea, 50% on Brazil, and 35% on Canada.
Even as investors hope that the TACO trade will save them again, market pros told Business Insider this week that there are ways to position for the coming deadline.
Here's what they're bullish and bearish on as the market barrels toward the August 1 "T-Day."
Bullish
Tariffs are aimed at benefiting companies that manufacture in the US. While it's not certain to what extent factory jobs will return, there are some existing domestic industries with positive exposure to the trade war.
Trump's 50% tariff on all copper imports announced this week, for instance, should point investors toward some specific areas of the market.