Overview

• President Trump’s ‘Liberation Day’ tariffs impose a 10% baseline tax on all imports starting April 5, with rates up to 50% targeting specific countries like China and Vietnam.
• Global financial markets have reacted sharply, with the Dow Jones falling over 1,200 points and the Nasdaq down 4.3%, signaling investor fears of recession and inflation.
• International leaders, including the EU and China, have condemned the tariffs as harmful to the global economy and are preparing retaliatory measures while urging trade negotiations.
• The tariffs are expected to disrupt global supply chains, particularly in industries like automotive and technology, while raising costs for U.S. consumers by an estimated $3,800 annually per household.
• Analysts warn that the tariffs could significantly slow U.S. economic growth, with predictions of a potential recession and increased strain on global economic stability.