Overview

• A 25% tariff on foreign-made vehicles is now in effect, with a 10% baseline tariff on all imports set to begin April 5 and higher rates for specific countries on April 9.
• Global financial markets have experienced sharp declines, with the Dow Jones dropping over 1,000 points and major Asian and European indices also falling significantly.
• China, the European Union, and other affected countries have condemned the tariffs, threatening countermeasures while signaling a willingness to negotiate.
• The tariffs disproportionately impact Asian economies, with China facing cumulative rates of 54% and Vietnam 46%, raising fears of a regional economic slowdown.
• Economic analysts warn of increased costs for U.S. consumers and businesses, potential inflation, and heightened recession risks both domestically and globally.