Overview

• The tariffs, effective April 5, impose a 10% baseline tax on imports, with steeper rates of up to 50% targeting key trading partners like China, the EU, and Southeast Asia.
• Global financial markets have reacted sharply, with U.S. stock indices dropping significantly—Dow Jones fell over 1,200 points—and $2 trillion wiped off global markets.
• Major trading partners, including the EU, China, and Japan, condemned the tariffs and are preparing retaliatory measures, while some leaders call for urgent negotiations.
• Analysts warn of rising costs for U.S. consumers and businesses, increased inflation, and a heightened risk of recession both in the U.S. and globally.
• Developing nations in Southeast Asia, such as Vietnam and Cambodia, face some of the harshest tariff rates, exacerbating economic vulnerabilities in these regions.