Trump Fires Up the World as Promised
The White House Issues Tariff Statement. Countries are divided into three categories:
1. A global universal tariff of 10% will be maintained (all countries exporting to the U.S. must pay a minimum 'entry tax' of 10%).
2. Countries with a trade surplus with the U.S. will face tariffs of 15% or higher (countries with a trade surplus with the U.S. will start with tariffs of 15% or even higher).
3. Countries that have not reached an agreement with the U.S. and have a significant trade deficit will face higher tax rates.
India: 25%
Switzerland: 39%
South Africa: 30%
Canada: 35%
The two countries that reached an agreement at the last moment—Thailand and Cambodia—will be charged a tariff of 19%. $BTC