🔥 Mr. Trump is preparing to impose a 70% tariff on multiple countries

According to information from The Wall Street Journal:

- Mr. Trump has prepared a 70% tariff on several trade partners in a 90-day suspension agreement for negotiations

- Specific announcements will be made before July 9, which is also when the '90-day suspension' ends

- This new reciprocal tariff will take effect at the beginning of August

Global investors now have to adopt a 'defensive' stance, suffering with the U.S. president 🫣