š“šŗšøTRUMP'S TARIFF STORM ESCALATES GLOBAL TRADE WAR
New U.S. Tariffs Effective Today: Trump's "reciprocal" tariffs take effect at 0401 GMT, including 104% on Chinese goods.
Massive Market Impact:
š¹#S&P500 drops below 5,000ā$5.8 trillion wiped out since last Wednesday.
š¹
#Nikkei down 2.6%, Korean won hits 16-year low.
Tariff Highlights:
šŖšŗEU faces 20%, Vietnam 46%, Japan and Italy in talks.
š¹Further hikes likelyāpharma imports next target.
š»Consumer Impact: Prices on items like sneakers, wine, computer parts, toys expected to spike up to 30%.
š»Public Concern: 75% of Americans expect higher prices soon (Reuters/Ipsos).
$TRUMP Message: āCountries want deals,ā but also says tariffs may be permanent.
Source: Reuters