Global Fryer! Trump Drops Tariff Nuclear Bomb at Midnight: China 34%, Cars 25%, Market Instantly Crashes!
At midnight, Trump announced a new tariff plan in the Rose Garden with great fanfare, accompanied by a band, and over a hundred spectators, shocking the world!
Tariff Big Move:
Starting April 5, all global imported goods will have a baseline tariff of 10%!
Starting April 9, tariffs of 34% on China, 24% on Japan, and 20% on the EU will take effect, leaving room for negotiation.
Canada and Mexico are unexpectedly exempt, but cars face a heavy 25% tariff!
This wave of actions is deemed the biggest disruption in trade policy since World War II, leaving the global economy trembling!
Market Explosive Reaction:
U.S. stock futures plummeted, gold turned positive, the dollar collapsed, and the offshore yuan plummeted 500 points to 7.34!
Turbulence escalates, and retaliatory responses from various countries are imminent.
Behind the Scenes:
Tariffs are being pushed through under the "Emergency Economic Law," using trade deficits as an excuse for a "national emergency."
The 10% baseline tax is non-negotiable, but country-specific rates can be discussed.
The shadow of inflation looms, with the Federal Reserve's probability of a rate cut in May dropping to 13%, while the probability of no rate cut by the end of June rises to 31%, but expectations for a rate cut by the end of 2025 remain.
Federal Reserve officials warn: tariffs may prolong the duration of inflation. Negotiation news is about to arrive; even if the tariff intensity weakens, its unpredictability is enough to ignite market panic!