Overview

• President Donald Trump has confirmed the immediate implementation of 'reciprocal tariffs,' beginning at midnight, targeting foreign-made goods and trading partners.
• The measures include a 25% tariff on all foreign-made automobiles and country-specific rates, such as 34% for China and 46% for Vietnam.
• A 10% 'minimum baseline tariff' will also apply to all foreign nations for access to U.S. markets, according to the announcement.
• Financial markets reacted sharply, with Bitcoin initially rising to $87,800 before retreating to $86,000, while U.S. stock indices saw significant declines.
• The tariffs are part of Trump's 'Liberation Day' strategy to address perceived trade imbalances, with analysts suggesting potential long-term impacts on inflation and Federal Reserve policy.