US President Donald Trump's latest tariff announcements have sparked concerns about escalating trade tensions and potential market volatility. Here's what's happening ¹ ²:
- New Tariff Deadlines: Trump has postponed the July 9th tariff deadline to August 1st, giving traders and investors a critical three-week window.
- Tariff Rates: A baseline 10% tariff on all imports, with higher duties for key trading partners, including:
- Pakistan: 29% tariff due to Pakistan's 58% tariff on US goods
- Global Market Impact: The move may ignite a sharp relief rally in US stocks, commodities, and crypto, but deeper volatility is brewing beneath the surface.
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