๐ฐ Trump Tariff Policy 2025: Impact and Global Reactions
๐ Latest Tariff Measures
- President Trump issued an executive order that increases import tariffs from many countries, effective August 7, 2025. Countries with a trade deficit with the US are subjected to higher tariffs.
๐ Economic Impact in the US
- The US jobs report for July 2025 shows only 73,000 new jobs, with downward revisions for previous months. This caused a sharp decline in the stock market and bond yields, as well as increasing the likelihood of interest rate cuts by the Federal Reserve.
๐ International Reactions
- The European Union approved a fixed 15% tariff to avoid a transatlantic trade war, although some European leaders criticized the agreement as a form of capitulation. Asian countries like Vietnam and South Korea also agreed to tariffs at the last minute under pressure.
๐ญ Impact on Businesses
- Companies face uncertainty due to high and complex tariffs, disrupting global supply chains. Tariffs range from 10% to over 50% and target more than 100 countries, including major trading partners like Brazil and China.
This latest tariff policy creates economic uncertainty and global trade tensions. Market players and world leaders continue to closely monitor these developments.
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