🔴🇺🇸TRUMP'S TARIFF STORM ESCALATES GLOBAL TRADE WAR

New U.S. Tariffs Effective Today: Trump's "reciprocal" tariffs take effect at 0401 GMT, including 104% on Chinese goods.

Massive Market Impact:

🔹#S&P500 drops below 5,000—$5.8 trillion wiped out since last Wednesday.

🔹#Nikkei down 2.6%, Korean won hits 16-year low.

Tariff Highlights:

🇪🇺EU faces 20%, Vietnam 46%, Japan and Italy in talks.

🔹Further hikes likely—pharma imports next target.

🔻Consumer Impact: Prices on items like sneakers, wine, computer parts, toys expected to spike up to 30%.

🔻Public Concern: 75% of Americans expect higher prices soon (Reuters/Ipsos).

$TRUMP Message: “Countries want deals,” but also says tariffs may be permanent.

Source: Reuters