๐ Trumpโs New Tariffs & Global Impact ๐
๐ Key Dates & Tariff Details:
April 5, 2025: 10% universal tariff on all U.S. imports begins.
April 9, 2025: Country-specific tariff hikes:
China ๐จ๐ณ โ 34% (total effective rate: 54%)
EU ๐ช๐บ โ 20%
Japan ๐ฏ๐ต โ 24%
South Korea ๐ฐ๐ท โ 25%
Vietnam ๐ป๐ณ โ 46%
India ๐ฎ๐ณ โ 15%
Mexico ๐ฒ๐ฝ โ 18%
Canada ๐จ๐ฆ โ 12%
๐ International Reactions:
EU ๐ช๐บ warns of inflation and economic instability.
China ๐จ๐ณ calls it a "trade war escalation."
India ๐ฎ๐ณ plans counter-tariffs on U.S. goods.
Mexico ๐ฒ๐ฝ & Canada ๐จ๐ฆ discuss NAFTA-related legal actions.
๐ฐ Economic Impact:
Higher prices for consumers ๐
Supply chain disruptions ๐
Trade tensions could slow global growth โ ๏ธ
Stay updated as this trade battle unfolds! ๐ฅ
