#TrumpTariffs Update
President Trump has officially rolled out sweeping new tariffs 🇺🇸📈
Starting April 5, a 10% baseline tariff will hit most imports, with higher rates for countries like:
China: 34% 🇨🇳
EU: 20% 🇪🇺
Trump called it a “Declaration of Economic Independence” 🗽 but not everyone’s cheering...
Pros:
Boost to U.S. manufacturing 🏭
Aimed at fixing trade imbalances ⚖️
Cons:
Possible $3,800 annual cost increase per household 💸
Markets reacting with big drops 📉
Fears of global trade wars 🌍🔥
Stay tuned as the effects start to ripple across the economy and global trade stage.
#Tariffs #Trump2025 #Economy #TradeWar #Politics