#TrumpTariffs

#TrumpTariffs – New Trade Policy & Global Impact

On April 2, 2025, President Donald Trump announced a sweeping tariff policy, imposing a 10% baseline tariff on all imports and higher rates for select countries. This move aims to reduce trade deficits, boost domestic manufacturing, and strengthen U.S. economic sovereignty.

Key Tariff Details:

10% baseline tariff on all imported goods, effective April 5, 2025.

Country-specific tariffs:

China: 54% (including existing tariffs).

EU: 20%.

Japan: 24%.

Vietnam: 46%.

Cambodia: 49%.

Exemptions for pharmaceuticals and critical raw materials.

Economic & Global Reactions:

China & EU: Strong opposition, with threats of retaliatory tariffs.

Economists: Warn of potential inflation and global recession risks.

Stock Market: Increased volatility as industries assess the impact.

What’s Next?

This aggressive trade policy could reshape global supply chains, impact consumer prices, and trigger diplomatic tensions. Stay tuned as markets and governments react to the #TrumpTariffs.

#TradeWar #GlobalEconomy #USManufacturing