#TrumpTariffs Former President Donald Trump has outlined aggressive new tariff policies if he returns to the White House, which are already influencing global trade and financial markets.
🔶 Key Tariff Proposals:
1. Across-the-board 10% tariff on all imports into the U.S.
2. 60%+ tariffs on Chinese imports, aimed at reducing America’s dependence on Chinese manufacturing.
3. "Universal baseline tariff" on all countries that don’t have fair trade deals with the U.S.
📉 Market Impact So Far:
Stocks and crypto are reacting cautiously. The idea of steep tariffs raises fears of inflation, slower global trade, and economic retaliation.Trump argues that these tariffs will:
Protect U.S. jobs and industries
Reduce trade deficits
Bring back American manufacturing
Critics say this could:
Lead to a global trade war
Increase consumer prices (inflation)
Disrupt supply chains