#TrumpTariffs

President Trump issued messages threatening new "reciprocal" tariffs of 25-40%, set to begin on August 1, 2025, regarding imports from 14 countries (including Japan, South Korea, Bangladesh, Malaysia, Indonesia, Tunisia, and others), unless trade agreements are adjusted. The average U.S. tariff rate will reach 17.6%, the highest rate since 1934. --- Global and local Asian countries (Japan and South Korea) and the European Union are urgently negotiating to mitigate the impact. Bangladesh faces 35% tariffs, while India and textile exporters are negotiating. Japanese automakers and other exporters, along with the European Union, are issuing warnings - even Germany is warning of countermeasures. --- Market and economic reaction on Wall Street is nervous: mixed stocks (S&P +0.1%, DOW -0.1%, NASDAQ +0.2%). Analysts estimate that tariffs could reduce GDP by 0.7 percentage points, cost $110 billion in economic output, reduce employment, and raise consumer prices by 1.7% ($2300 per household). JPMorgan analysis indicates that U.S. companies could bear about $82 billion in costs - roughly equivalent to $2080 per employee - and many are likely to pass on costs to consumers through higher prices.