> “These aren’t trade cuts—they’re hidden taxes: a global toll paid by consumers, farmers, and factories alike. Is building barriers in trade smarter than building bridges?”
Fakhar295
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🔥➡️ Trump’s Trade Shock: Tariffs From 10% to 41% Hit 92 Countries! ⬅️🔥
📅 August 1, 2025—Trump signed an executive order implementing sweeping reciprocal tariffs on imports. Rates range from 10% baseline to a staggering 41%, impacting partners like Canada, India, Taiwan, South Africa, Switzerland, and more.
🇨🇦 Canada sees steepest rise: non‑USMCA goods now face 35% duty. PM Carney slammed it as unjust and pledged strong countermeasures.
📉 Markets 💥 reacted fast:
Asian & U.S. stock futures plunged
VIX volatility index surged
**Nasdaq & S&P futures both down ~1–1.3%**
🚨 Inflation risks loom:
Analysts warn tariffs may erode profit margins
Global supply chains set to tighten,
Consumers likely to feel the pinch.
💬 Trump framed this as reclaiming "trade sovereignty", promising tariff relief if companies move production to the U.S. or partners “play fair.” Critics say it's just another tax on everyone—U.S. firms included. #TrumpTariffs $BTC
$BNB
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