Trump announced a 10% global tariff! 😊 This tariff will be in effect for 150 days and will exclude certain products. Trump announced this new tariff policy after the Supreme Court ruled the IEEPA tariffs unconstitutional.
*Tariff Details:*
- *Rate:* 10% (to be increased to 15%) - *Duration:* 150 days - *Excluded Products:* Critical minerals, electronics, pharmaceuticals, aerospace products, passenger vehicles, and agricultural products
*Impacts:*
- An average additional cost of $1,000-$1,300 to US households - Expected 0.5% decrease in economic growth - Price increases and supply chain problems in some sectors
*Reactions:
- China begins applying zero tariffs to African countries in response to US tariffs - Countries like Canada and Mexico are taking their own countermeasures in response to US tariffs
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#TrumpAnnouncesNewTariffs
Trump announced a 10% global tariff! 😊 This tariff will be in effect for 150 days and will exclude certain products. Trump announced this new tariff policy after the Supreme Court ruled the IEEPA tariffs unconstitutional.
*Tariff Details:*
- *Rate:* 10% (to be increased to 15%)
- *Duration:* 150 days
- *Excluded Products:* Critical minerals, electronics, pharmaceuticals, aerospace products, passenger vehicles, and agricultural products
*Impacts:*
- An average additional cost of $1,000-$1,300 to US households
- Expected 0.5% decrease in economic growth
- Price increases and supply chain problems in some sectors
*Reactions:
- China begins applying zero tariffs to African countries in response to US tariffs
- Countries like Canada and Mexico are taking their own countermeasures in response to US tariffs
$BTC