More than 50 nations have reached out to the U.S. to negotiate after President Donald Trump unveiled tough new tariffs earlier this week, according to White House adviser Kevin Hassett.
The 10% base tariff on most imports has sparked global backlash ๐. While some countries are preparing to strike back, others โ like Indonesia and Taiwan โ are trying to keep things cool and avoid a full-blown trade war โ๏ธ.
Israeli President Netanyahu even flew to Washington for direct talks, while UK Prime Minister Keir Starmer warned Parliament:
โThe world as we know it has disappeared.โ
He also confirmed that the UK is ready to protect its economy from potential shocks.
Economists are sounding alarms: the new tariffs could mean higher prices for Americans and supply chain disruptions ๐.
Markets have been shaky since the announcement. Trump took to social media from a Florida golf course โณ saying:
โHold on tight, this is an economic revolution. It wonโt be easy, but the outcome will be historic.โ
Meanwhile, Elon Musk, speaking in Italy just hours after the tariffs took effect, said he hopes for a future with zero tariffs between the U.S. and Europe. He called it a long-term goal worth aiming for ๐. #BTCBelow80K #BTCvsMarkets #bitcoin #Bitcoinโ #crypto
