Market is in turmoil! Is it going to be 'Tariff Bombs Worldwide' again? Tariffs stir the waters again

The first batch of 15 letters has been signed, with tariffs ranging from 10% to 70%, effective from August 1. Countries that have not reached an agreement will revert to the high tariffs from April!

US President Trump signed an executive order to extend the effective date and negotiation deadline for reciprocal tariffs from July 9 to August 1.

In addition, he sent the first batch of tariff letters to 14 countries, and starting August 1, tariffs of 25% will be imposed on Japan and South Korea, 25% on Malaysia, Kazakhstan, and Tunisia, South Africa will face a 30% tax rate, while Laos and Myanmar will be subjected to 40% tariffs. Other affected countries include Indonesia (32%), Bangladesh (35%), Thailand and Cambodia (36%), Bosnia and Herzegovina (30%), and Serbia (35%). #美国加征关税