📢 Breaking: The United States announces large-scale reciprocal tariffs

President Trump has officially announced a comprehensive reciprocal tariff plan aimed at balancing trade relations and promoting domestic manufacturing. The new tariffs will take effect tomorrow.
🔰 Main Highlights:
🔹 Standard tax rate: 10% on all imports
🔹 Automatic Tariff: 25% – Now extended to all computer imports, including laptops and desktops.
🔹 Value of affected computer imports: $138.5 billion (2024)
🔹 Reciprocal tariffs: Rates matched or discounted based on each country's own tariff rates.
🔰 Country-Specific Tariffs:
🇨🇳 China: 34%
🇮🇳 India: 26%
🇪🇺 EU: 20%
🇬🇧 UK: 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:
The S&P 500 fell by 4% after the announcement was made.
🇺🇸 President Trump said:
"We can no longer fund the deficits of Canada, Mexico, and other countries. Tariffs will bring back jobs, factories, and lower prices for American consumers. Start buying American goods!"