¡🔥 #TrumpTariffs igniting the global economy! 🔥

On April 2, 2025, Trump proclaimed "Liberation Day," imposing a 10% tariff on all imports (except Canada and Mexico) and higher specific tariffs on about 60 countries, including 52% on Chinese products and 25% on Canadian goods.

Although inflation in the U.S. unexpectedly dropped to 2.3% in April, experts warn that it is a temporary respite. Companies had stockpiled inventories before the tariffs, but over time, prices could rise, affecting consumers.

OECD and IMF have lowered their global growth forecasts, noting that Trump's tariffs are slowing down the economy and reigniting inflation. The IMF even warned that the U.S. could be the most affected in this trade war.

In response, countries like Canada and Mexico have imposed retaliatory tariffs and filed complaints with the WTO, escalating trade tensions.

Additionally, there has been an increase in boycott movements against American products in Europe and Latin America, with social media campaigns promoting local consumption and rejecting Trump's protectionist policies.

In summary, Trump's tariff policies are creating global economic uncertainty, affecting consumers, businesses, and financial markets. It is crucial to stay informed and assess how these measures may impact our local economies and investment decisions.

\#GlobalEconomy #TradeWar #EconomicUncertainty #BinanceSquare