🇺🇸 Trump Tariffs: Auto, Steel & Global Ripples

Former President Trump has ramped up his tariff rhetoric—warning of imminent hikes on autos, metals, and country‑specific trade partners. Auto tariffs may rise soon to incentivise more U.S. production. A 55% tariff on Chinese imports was set as part of a London deal framework. $BTC

Market reaction:

  • The dollar recently plunged to three-year lows following tariff threats.

  • U.S. stocks dipped initially but recovered losses; Dow ended slightly positive amidst.

  • Real-world impact:

    • Steel/aluminum tariffs (50%) could trigger a 15% price hike in canned goods—hurting lower-income families.

    • Baby care products are also seeing price spikes, according to U.S. Congressional analysis.

    Legal & diplomatic update:

    Appeals court allows existing tariffs to stay while hearings continue into July.

    Deadline looming: partners have until July 8–9 to negotiate or face tariffs

    #TrumpTariffs