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*Trump Shakes Up Global Trade Again With New Tariff Proposal
Just as trade tensions seemed to be settling, former President Donald Trump has reignited the debate with a bold new proposal: a uniform global tariff. According to Trump, the U.S. will no longer negotiate separate trade deals with individual countries. Instead, a single standardized tariff will be imposed worldwide. While the exact rate has yet to be announced, an official statement is expected within the next two to three weeks.
*His reasoning?
“Negotiating with over 150 countries one by one is a waste of time. A single, unified tariff is just more efficient.”
Market speculation suggests the new tariff could be set at 10%—three times higher than the average rate in 2024. There's also talk that Trump might later introduce reciprocal tariffs, meaning the U.S. would mirror any duties imposed by its trading partners.
Although the previous tariff grace period expired in July, markets have remained relatively calm. Many investors believe Trump may use this proposal as a bargaining tool rather than implementing it with full force right away.
#Market_Update #trump #Tariffs
Just as trade tensions seemed to be settling, former President Donald Trump has reignited the debate with a bold new proposal: a uniform global tariff. According to Trump, the U.S. will no longer negotiate separate trade deals with individual countries. Instead, a single standardized tariff will be imposed worldwide. While the exact rate has yet to be announced, an official statement is expected within the next two to three weeks.
*His reasoning?
“Negotiating with over 150 countries one by one is a waste of time. A single, unified tariff is just more efficient.”
Market speculation suggests the new tariff could be set at 10%—three times higher than the average rate in 2024. There's also talk that Trump might later introduce reciprocal tariffs, meaning the U.S. would mirror any duties imposed by its trading partners.
Although the previous tariff grace period expired in July, markets have remained relatively calm. Many investors believe Trump may use this proposal as a bargaining tool rather than implementing it with full force right away.
#Market_Update #trump #Tariffs
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