TRUMP TARIFFS: WHAT YOU NEED TO KNOW #TrumpTariffs
Former President Trump has proposed aggressive new tariffs if re-elected, targeting China and other trading partners. Here’s the breakdown:
KEY DETAILS:
60% Tariff on Chinese Goods: A major escalation from prior rates, impacting electronics, EVs, and raw materials.
10% Global Baseline Tariff: New levies on all imports, including allies like the EU and Japan.
Auto Industry Focus: Up to 100% tariffs on foreign-made EVs, aimed at protecting U.S. manufacturers.
INDUSTRIES AT RISK:
Consumers: Higher prices on everyday goods (phones, clothing, appliances).
Tech & EVs: Chinese batteries, semiconductors, and EVs face steep barriers.
Agriculture: Retaliatory tariffs could hurt U.S. farmers (soybeans, pork).ECONOMIC IMPACT:
Short-Term: Inflation spike, supply chain delays.
Long-Term: Reshoring jobs vs. trade wars with key partners.
WHAT’S NEXT?
Stock Market: Defense, energy, and manufacturing stocks may rise.
Crypto: Bitcoin ($BTC) could see demand as a hedge against trade chaos.YOUR TAKE?
Smart policy or economic risk? Comment below!