Imagine Trump walks like a penguin.

Maybe not…

But he did definitely walk the talk about tariffs.

He just dropped the world a bomb by imposing at least 10% tariffs (even on Antarctica where Penguins live -.-).

Meanwhile, the ‘Dirty 15’ countries have been imposed with more.

In Meme of the Week section, I go deeper into this and examine whether it will lead to a recession.

Moving on, here are the news that shocked the world…

Trump tariffs $SPX ( ▼ 5.98% ) : Trump dropped a hammer. 10% for everyone and if China has 67% tariff on U.S. products, then U.S. hits China with half which is 34%. That applies for all the other countries too [Read More]

Rocket x Mr Cooper $RKT ( ▲ 11.19% ) : Rocket Companies is buying its competitor, Mr Cooper for US$9.4 billion just weeks after it bought Redfin [Read More]

Newsmax $NMAX ( ▼ 27.56% ) : Right-wing media broadcaster, Newsmax, gained by 1,500% since its debut on 31 March 2025, and has higher market cap then Warner Bros and Fox [Read More]

Nike $NKE ( ▲ 3.01% )  $W ( ▲ 3.83% )  : Nike, Wayfair, American Eagle, Deckers and Hasbro’s share prices were hammered as Vietnam was hit with a 46% tariffs [Read More]

Stellantis $STLA ( ▼ 4.8% )  : Stellantis is stopping activities at its production plants in Mexico and Canada after Trump’s auto tariffs came into effect [Read More]

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Here are the news covering the Asia market…

China tariffs $HSCEI ( 0.0% ) : China has hit back with its own 34% tariffs on U.S. imports into the country [Read More]

Singapore tariffs: Singapore was hit with a 10% U.S. tariffs, but could be in a favourable position as other Southeast Asian countries were hit with more [Read More]

Grab $GRAB ( ▼ 12.44% )  : Singapore has granted Grab, a Street-hail Service Operator Licence that allows Grab to offer taxi services to the Singaporean market [Read More]

UltraGreen.AI: UltraGreenAI, provider of fluorescent technology used in the medical industry, is considering listing in Singapore’s market for US$400 million [Read More]

OCBC: OCBC signed an agreement with the British government to channel US$17 billion investments into British energy, infrastructure and real estate sectors by 2030 [Read More]

See below for our handpicked analyst reports:

Heard and McDonald Islands - the two places with nothing but penguins and seals were the subject of Trump’s tariffs.

Looks like someone in the office was dozing off when they did the tariffs. But it is not surprising given that its equation to impose tariffs was this one.

It might look complicated but it literally means that the U.S. took trade deficit and divide it by imports.

On a more serious note though, Trump tariffs are going to have big impacts on the stock markets around the world. We have already seen the impact

• S&P 500: -4.8%

• Euro Stoxx 50: -4.1%

• Nikkei 225: -2.8%

• Hang Seng: -1.5%

And the impact will mainly come from imports being more expensive for Americans. You see, the U.S. relies a lot on its consumers buying stuff.

With prices now projected to rise sharply, many are worried that spending will collapse for the year and bring the economy into a recession.

• Goldman Sachs raises the chance of recession in the US to 35% from 20%.

• JP Morgan Chase also raised the chance to 31% from 17%.

Just when the U.S. thought the inflation scare was over. Here comes another one.

While the tariffs are bad, it does present an opportunity to buy in to some stocks that have gone down recently.

And there are two criteria that I use - market capitalisation and relative strength index. Companies that are large in size are good. Meanwhile, relative strength index that is below 30 means that it is currently at an oversold position.

I find myself using the stock screener of ShareInvestor to do this. I filtered for the criteria of

• Market Cap that exceeds US$10 billion

• Relative Strength Index that is below 30 (oversold position)

Interested in signing up? Enter my CODE: JYSCA5

Last but not least, check out my latest video above on the Tariffs and what I’ll be doing!

Hope the above is fruitful for you all!

Cheers,
James Yeo