#TrumpTariffs

🚨 #TrumpTariffs — Major Trade Shake-Up Incoming

📅 Effective August 7, 2025, sweeping reciprocal tariffs (15%–41%) will apply to nearly 69 countries, with peak rates hitting:

🇨🇦 35% on Canada

🇧🇷 50% on Brazil

🇮🇳 25% on India

🇹🇼 20% on Taiwan

🇨🇭 39% on Switzerland

🔧 Plus: Steel & aluminum tariffs doubled to 50%, except the UK (maintains 25% under special deal)

📊 Impact snapshot:

📉 U.S. average effective tariff rate skyrockets to ~18.4%, the highest since the 1930s

💸 Costs may add ~$2,400/year per U.S. household

🏭 U.S. manufacturers gain jobs, but many sectors (construction, auto, agriculture) face higher costs and slower growth

💬 Is this trade reset boosting U.S. strategy—or inflaming global friction that harms consumers?

#TradePolicy #GlobalEconomy #TariffUpdate #USPolicy