🚨LAST🚨
🩸Stocks and #Bitcoin continue to PLUMMET and are pricing in a RECESSION due to Trump's TARIFFS. This is EVERYTHING YOU NEED TO KNOW
⚠️The SP500 has lost over $2 TRILLION today and is down 4.07% (more than $BTC)
What’s happening with the RECIPROCAL TARIFFS⁉️
🔻Trump announced tariffs on 185 countries AT THE SAME TIME
🔻Yesterday, while Trump announced reciprocal tariffs and a base tariff of 10% on ALL COUNTRIES, the SP500 lost $1.3T in just 4 minutes. A true monstrosity.
🔻Regarding China and the European Union, Trump decided to impose a total tariff of 54% on China and 20% on the EU
🔻Trump plans additional sectoral tariffs on semiconductors, pharmaceuticals, and minerals
🔻The AVERAGE TARIFF RATE in the U.S. rose to 29%, the highest in the last 100 YEARS (During the Great Depression it was 20%)
🔻With this, inflation is expected to rise to 5% or 5.5% and the ECONOMY to DETERIORATE (bad for stocks and #crypto)
🔻The tariffs will come into effect between April 5 and April 9
What do the countries think and how will they respond⁉️
🔻If countries respond with MORE TARIFFS, which would be even WORSE for the economy, Lutnick stated they will respond with MORE TARIFFS:
🔻The European Union announces it is ready with "countermeasures" to President Trump's reciprocal tariffs and will vote on April 9
🔻China urges the United States to cancel the "immediately" reciprocal tariffs or they will take "countermeasures."
🔻Germany: Urges the EU to pressure President Trump
🔻Japan: Says the tariffs are "regrettable" and seeks an exemption
🔻Canada: Announced a 25% tariff on ALL U.S. cars not covered by the USMCA agreement
🔻Mexico: plans a broader response starting April 3
