🚨Donald Trump's latest statement on tariffs has sparked debate in global markets and political circles. Here's what you need to know 🚨

- *Tariff Plans*: Trump has announced plans to impose reciprocal tariffs on countries like China, India, and EU nations, aiming to boost US manufacturing and address trade imbalances.

- *Previous Tariff Actions*: In April, Trump imposed a 10% baseline duty on all imports, with higher rates for nations running trade surpluses with the US. China faced a 34% tariff on US imports.

- *Potential Impact*:

- *US Economy*: Tariffs could lead to higher prices for consumers and businesses, potentially affecting economic growth.

- *Global Trade*: Trump's tariff policies may escalate trade tensions, prompting retaliatory measures from other countries.

- *China and Allies*: China's reaction to Trump's tariffs has been swift, with a 34% tariff on US imports. Allies like the EU have expressed concerns and are exploring potential negotiations.

- *Future Developments*: Trump has hinted at possible future increases and ruled out delaying tariffs on Mexico, Canada, and China. A 50% tariff on EU goods was delayed until July 9 to allow for negotiations.

*Market Reactions:*

- *Bitcoin*: $BTC is currently trading at $106,238.25 with a 0.64% increase.

- *TRUMP Token*: $TRUMP is trading at $10.09 with a 0.69% increase.