#TrumpTariffs

Current Context

Donald Trump is imposing tariffs on multiple fronts: a standard reciprocal tax of 10%, and additional rates of up to 50% (in some cases reaching 70%) that may come into effect starting August 1 if no agreements are reached. Countries associated with the BRICS bloc may face an additional **10%**.

Economic Impact

An analysis by JPMorgan shows that the additional tariffs could cost approximately $82.3 billion to American mid-sized companies, which will likely pass on 50–60% of these costs to consumers.

Wharton models indicate that these tariffs could reduce U.S. GDP by up to 6% and wages by 5% in the long term.

Effect on Markets

In early April, the global market reacted with intense volatility, with stocks recording their largest decline since 2020.

Since then, there has been a truce: markets have recovered, and indices like S&P 500 and Nasdaq have reached highs, although the outlook remains uncertain.