Overview

• A 25% tariff on imported vehicles took effect on April 3, with a 10% baseline tariff on all imports starting April 5 and higher reciprocal tariffs on over 60 countries beginning April 9.
• Global stock markets have plunged, with U.S. futures dropping sharply and major indices in Asia and Europe experiencing significant declines.
• Affected nations, including China, the EU, and Japan, have condemned the tariffs and are preparing retaliatory measures, while some, like Australia and the UK, are seeking negotiations.
• Analysts warn that the tariffs could lead to higher consumer prices, inflation, and potentially trigger a global recession, with the U.S. economy also at risk of stagflation.
• The tariffs represent a major shift in U.S. trade policy, signaling a move away from globalization and raising concerns over supply chain disruptions and long-term economic uncertainty.