Good morning Binancers!!!
Here's a summary of what happened today:
Trump shook the markets with massive tariff decisions!
President Trump announced “reciprocal” trade tariffs on 185 countries in one fell swoop, one of the largest tariff packages in American history.
What happened?
The stock market collapsed in minutes, with the most important US index, the S&P 500, losing nearly $2 trillion in value.
Initially, there was talk of a 10% tariff on all countries, but Trump soon revealed much higher percentages.
Some countries included in the list:
🇨🇳 China – 34%
🇪🇺 European Union – 20%
🇻🇳 Vietnam – 46%
🇹🇼 Taiwan – 32%
🇯🇵 Japan – 24%
🇮🇳 India – 26%
🇰🇭 Camboya – 49%
🇷🇺 Russia is not subject to tariff sanctions.
Trump clarified that America will impose half of what these countries impose on American products, meaning some countries will face much higher tariffs than expected.
What is the impact on the markets?
The Nasdaq 100 technology index fell 900 points in minutes, after having risen at the start of the announcement.
The broader S&P 500 index experienced a sharp decline and entered a correction phase.
Technology stocks were the hardest hit.
What does this decision mean?
US tariff rates are now at their highest levels since World War II.
The U.S. trade deficit is expected to hit a new record next week.
Markets are in panic, volatility is increasing significantly.
Trump's message was clear: "If they impose tariffs on us, we'll impose them on them too!"
Trump's policies, which have led him to alienate everyone—except Russia—will not have the opposite effect on the world than he intended...
The world will not end by uniting and demanding products from other countries, developing anti-American sentiment and generating a global call to boycott brands made in the USA…
I invite you to reflect and look forward to your comments.