🇺🇸 Trump’s Tariffs Shake Global Trade Again 📈🌍
Former President Donald Trump is enforcing a bold new wave of universal and reciprocal tariffs, triggering global reactions and economic concerns.
🔹 10% base tariffs started in April, with more hikes due August 1
🔹 25–50% tariffs target steel, aluminum, autos, and goods from countries like Japan, Korea, and even Venezuela
🔹 Businesses face $82B+ in extra costs, with potential GDP drop of 6% (Wharton estimates)
🔹 Legal battle underway – courts challenged Trump's use of emergency powers, but tariffs remain active
🔹 EU & others prepare retaliation as tensions rise
Markets remain cautious, the Fed watches closely, and the world braces for the next trade shock. 🌐💼