LPL Financial

Just a quick update on some tariffs that happened recently.
• President Trump announced a trade agreement with Japan overnight for a 15% tariff rate, including the important auto sector, down from the recently announced 25%. The agreement has sparked optimism that Europe can achieve the same rate, which would reduce the risk of a negative tariff surprise from two of our biggest trading partners.
• China’s rate will probably stay around 40% and Canada and Mexico are covered under the USMCA keeping tariffs on most imports below 10%. For stocks, the important thing is that a 15% overall rate, which markets seem able to handle, is back in play. Sectoral tariffs (semiconductors and pharmaceuticals) may push this overall rate up a point but will take more time to play out.

Update: We are up & running

Due to a city wide outage, our phones and computers are down. Wanted our out of town clients to know.

National Day of Mourning, January 9, 2025:
In observance of the National Day of Mourning on Thursday, January 9, to honor former President James Earl Carter, Jr., the New York Stock Exchange and our office will be closed. Financial transactions, including those placed through the web, will be processed using the closing price of the next date the markets are open.

There is a weird AT&T outage where some towers are being updated and "maintained". Our office can receive calls except from AT&T cell phones. Those are the only one's that are not getting through. Either email us or PM on FB and we'll call you back as soon as possible. I have been on the phone for over an hour.