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Terrifwar

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#Terrifwar US Pres. Trump: Recommending a straight 50% tariff on the European Union | 05/23/2025 In a post published on Truth Social on Friday, United States (US) President Donald Trump said that he is recommending a "straight 50% tariff" on imports from the European Union. "The European Union, which was formed for the primary purpose of taking advantage of the United States on trade, has been very difficult to deal with," Trump said. "Our discussions with them are going nowhere! Therefore, I am recommending a straight 50% tariff on the European Union, starting on June 1, 2025. There is no tariff if the product is built or manufactured in the United States. Thank you for your attention Market reaction The US Dollar stays under bearish pressure following these comments. At the time of press, the USD Index was down 0.45% on the day at 99.45 What are tariffs? Tariffs are customs duties levied on certain merchandise imports or a category of products. Tariffs are designed to help local producers and manufacturers be more competitive in the market by providing a price advantage over similar goods that can be imported. Tariffs are widely used as tools of protectionism, along with trade barriers and import quotas. What is the difference between taxes and tariffs? Although tariffs and taxes both generate government revenue to fund public goods and services, they have several distinctions. Tariffs are prepaid at the port of entry, while taxes are paid at the time of purchase. Taxes are imposed on individual taxpayers and businesses, while tariffs are paid by importers. What is US President Donald Trump’s tariff plan? During the run-up to the presidential election in November 2024, Donald Trump made it clear that he intends to use tariffs to support the US economy and American producers. In 2024, Mexico, China and Canada accounted for 42% of total US imports. In this period, Mexico stood out as the top exporter with $466.6 billion, according to the US Census Bureau. Hence, Trump wants to focus on these three nations when imposing tariff $BTC $TRUMP $SUN
#Terrifwar
US Pres. Trump: Recommending a straight 50% tariff on the European Union
| 05/23/2025

In a post published on Truth Social on Friday, United States (US) President Donald Trump said that he is recommending a "straight 50% tariff" on imports from the European Union.

"The European Union, which was formed for the primary purpose of taking advantage of the United States on trade, has been very difficult to deal with," Trump said.

"Our discussions with them are going nowhere! Therefore, I am recommending a straight 50% tariff on the European Union, starting on June 1, 2025. There is no tariff if the product is built or manufactured in the United States. Thank you for your attention

Market reaction

The US Dollar stays under bearish pressure following these comments. At the time of press, the USD Index was down 0.45% on the day at 99.45

What are tariffs?

Tariffs are customs duties levied on certain merchandise imports or a category of products. Tariffs are designed to help local producers and manufacturers be more competitive in the market by providing a price advantage over similar goods that can be imported. Tariffs are widely used as tools of protectionism, along with trade barriers and import quotas.

What is the difference between taxes and tariffs?

Although tariffs and taxes both generate government revenue to fund public goods and services, they have several distinctions. Tariffs are prepaid at the port of entry, while taxes are paid at the time of purchase. Taxes are imposed on individual taxpayers and businesses, while tariffs are paid by importers.

What is US President Donald Trump’s tariff plan?

During the run-up to the presidential election in November 2024, Donald Trump made it clear that he intends to use tariffs to support the US economy and American producers. In 2024, Mexico, China and Canada accounted for 42% of total US imports. In this period, Mexico stood out as the top exporter with $466.6 billion, according to the US Census Bureau. Hence, Trump wants to focus on these three nations when imposing tariff

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Alert🚨🔥 Alert: Trade War heats up!! The United States has just imposed a *30% tariff* on imports from *Mexico* and the *European Union* 🇺🇸⚔️🇲🇽🇪🇺 📉 This move will likely escalate tensions, hitting global supply chains and raising prices for consumers and businesses. 🔮 Predictions & Analysis: - Mexico and the EU may retaliate with their own tariffs, sparking a full-blown trade war 🌪️ - Exporters in affected regions could see drops in sales, slowing economic growth 📉 - US companies relying on imports may face higher costs, leading to inflation pressure 🔥 - Short-term market volatility expected as investors react to uncertainty 📊 - Long-term, this could push countries to diversify trade partners and strengthen regional alliances 🌍 💡 The timing is critical — with geopolitical tensions rising, this tariff escalation risks a wider economic clash. Keep an eye on diplomatic talks and market re sponses. #Tarrif #US #economy #TerrifWar

Alert

🚨🔥 Alert: Trade War heats up!! The United States has just imposed a *30% tariff* on imports from *Mexico* and the *European Union* 🇺🇸⚔️🇲🇽🇪🇺
📉 This move will likely escalate tensions, hitting global supply chains and raising prices for consumers and businesses.
🔮 Predictions & Analysis:
- Mexico and the EU may retaliate with their own tariffs, sparking a full-blown trade war 🌪️
- Exporters in affected regions could see drops in sales, slowing economic growth 📉
- US companies relying on imports may face higher costs, leading to inflation pressure 🔥
- Short-term market volatility expected as investors react to uncertainty 📊
- Long-term, this could push countries to diversify trade partners and strengthen regional alliances 🌍
💡 The timing is critical — with geopolitical tensions rising, this tariff escalation risks a wider economic clash. Keep an eye on diplomatic talks and market re
sponses.

#Tarrif #US #economy #TerrifWar
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