#TrumpTariffs
We are at war, a trade war has just been declared
🇺🇸🇨🇳 Donald Trump has enacted new radical tariffs, marking the most aggressive shift in trade policy the United States has seen in over a century.
These measures target countries with a trade surplus with the United States, causing global economic tensions.
Highest tariff rates:
- China is facing tariffs of up to 104%.
- Cambodia: 49
- Vietnam: 46%.
- European Union: 20
A base tariff of 10% applies to most U.S. trading partners.
- Yields on 30-year U.S. Treasury bonds have jumped over 20 basis points to reach 4.98%.
- Mr. Trump claims that the U.S. is earning "2 billion dollars a day" from tariffs.
And what do you think of TRUM’s new policy? Leave your comments.
NB: trader here $BTC