$BTC Here’s the latest on Trump’s new tariffs (“TrumpTariffs”) and how markets are reacting today:

---

📉 Markets and Trading Impact

1. Proposed 55% Tariffs on Chinese Goods

According to today’s updates, Trump has announced that new U.S.–China tariffs could total 55%, pending final negotiations and framework approval .

A tentative agreement reportedly includes 55% import duties on U.S. goods and a 10% reciprocal rate from China .

2. Global Market Volatility

These developments have sparked sharp swings in equity futures, with S&P‑500 and Nasdaq futures absorbing early losses. The specter of additional tariffs is already putting pressure on risk assets .

Historically, similar tariff escalations have triggered brutal market corrections. In April, the S&P‑500 dropped ~20% from its peak, briefly entering a bear market amid tariff announcements .