📢 BREAKING: U.S. Announces Sweeping Reciprocal Tariffs
President Trump has officially unveiled a comprehensive Reciprocal Tariff Plan, aimed at balancing trade relations and boosting domestic manufacturing. The new tariffs will go into effect starting tomorrow.
🔰 Key Highlights:
🔹 Baseline Tariff: 10% on all imports
🔹 Auto Tariffs: 25% – now extended to all computer imports, including laptops and desktops
🔹 Value of Affected Computer Imports: $138.5 billion (2024)
🔹 Reciprocal Tariffs: Matching or discounted rates based on each country’s own tariff rates
🔰 Country-Specific Tariffs:
🇨🇳 China: 34%
🇮🇳 India: 26%
🇪🇺 European Union: 20%
🇬🇧 United Kingdom: 10%
🇻🇳 Vietnam: 46%
🇯🇵 Japan: 24%
🇰🇷 South Korea: 25%
🇹🇭 Thailand: 36%
🇨🇭 Switzerland: 31%
🇰🇭 Cambodia: 50%
🇧🇷 Brazil: 10%
🇵🇰 Pakistan: 30%
🇱🇰 Sri Lanka: 44%
🇮🇱 Israel: 17%
🇿🇦 South Africa: 30%
🔰 Market Reaction:
S&P 500 down 4% following the announcement.
🇺🇸 President Trump Says:
“We cannot continue to fund the deficits of Canada, Mexico, and others. Tariffs will bring back jobs, factories, and lower prices for American consumers. Start buying American goods!”
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