#TrumpTariffs Trump's Tariff Policy
President Trump officially approved a series of high trade tariffs late in the evening on July 31, which he had announced in recent weeks. In particular, tariffs on goods from Canada increased from 25% to 35%.
The decree, which was issued before the self-imposed deadline for trade agreements, also set rates for countries that did not enter into agreements with the U.S. South Africa, Switzerland, Taiwan, and Thailand will face tariffs ranging from 19% to 39%.
Agreements with major trading partners — the European Union, Japan, South Korea, and the United Kingdom — were also given official status.
Asian stock markets traded in the red on the morning of August 1, along with cryptocurrency exchanges.
The current correction appears natural against the backdrop of tariff implementation and profit-taking after a strong rise in both markets. The conclusion of a trade agreement with China could significantly reduce tensions.
Most market participants perceive the decline as a temporary phenomenon rather than a shift in the long-term trend. In addition to tariff measures, the correction was exacerbated by geopolitical risks and overall macroeconomic uncertainty in the U.S.