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The #TRUMP just pulled the trigger on a new trade war.
Hereโs what happened:
New Tariff Rules (starting April 5):
10% import tax on all countries
Even higher rates for the biggest trade partners:โจ
- China: 34%โจ- South Korea: 25%โจ- Japan: 24%โจ- EU: 20%โจ- UK: 10%
Some countries (like Vietnam, Cambodia, Lesotho) could get hit with up to 50%
This isnโt just tough talk.
โจTrump is going all in on protectionism targeting everyone, not just China.
Itโs basically Trade War 2.0 โ but even more extreme than before.
And the impact? Immediate.
Markets took a Sharp Fall.
- #Bitcoin dropped from $88,500 to $82,175
Over $500 million in crypto got liquidated
S&P futures lost $2 TRILLION in just 15 minutes
And thatโs not even the full picture.
Why does this matter?
Because tariffs make imports more expensive and that means inflation goes up.
โจPrices on goods could rise fast.
This move could affect over $785 billion in global trade.
And this is just the beginning.
Things are about to get messy.
Wait till other countries fire back with their own #tariff responses.
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