Trump Tariffs A Snapshot 📌
EU Tariffs Incoming: Trump announced tariff on all EU imports, citing stalled trade talks and a billion dollar trade deficit. The tariffs were initially in June but have been gone to July after discussions with EU leaders.
iPhone Tariff Threat: Apple faces a potential tariffs on iPhones unless production shifts to the us. Trump wants products made domestically would be exempt.
Steel & Aluminum Tariffs Doubled: Tariffs on imported steel and aluminum were increased from starting in June aiming to work for domestic industries.
China Deal with High Tariffs: A new trade agreement with China has huge tariff on Chinese goods.
Market Reactions: The tariffs caused market fluctuations with some sectors gaining due to easing tensions while others face uncertainly and are unpredictable.