๐จ JUST IN: U.S. Pushes Final Trade Deal Offers by Wednesday โ Tariffs Loom! ๐บ๐ธ๐ผ
The Trump administration has issued a Wednesday deadline (June 4) for countries to submit their best trade offers or risk the reinstatement of suspended tariffs. ๐โณ
๐ฅ The original 90-day tariff freezeโdubbed "Liberation Day"โis set to expire. If no deals are struck, the U.S. plans to:
Reintroduce a universal 10% import tariff ๐ฆ
Double steel & aluminum tariffs to 50% ๐ ๏ธ๐ฐ
Target nations like China, EU, India, Japan & Vietnam ๐
So far, only the UK has a draft deal in place. Others are still negotiating under intense pressure. ๐คโ๏ธ
๐ Market Impact:
U.S. manufacturing is shrinking again ๐
Investor sentiment is shaky ๐ฌ
Crypto & commodities traders watching closely ๐๐น
This move is part of Trumpโs โAmerica Firstโ agendaโbut itโs causing global friction. Allies like ๐จ๐ฆ๐ฏ๐ต๐ฆ๐บ have expressed concern over trade stability.
๐ Will this lead to a trade war 2.0? Or will nations cave to avoid tariffs?
Stay tuned... ๐๐ฒ
