At midnight Thursday, U.S. President Donald Trump’s “reciprocal” tariffs on over 90 countries officially kicked in. These new duties, ranging from 10% to 50%, mark a dramatic shift in U.S. trade policy, designed to rebalance global commerce and support American industries 🏭💼.
In a midnight post on social media, Trump declared, “It’s midnight… billions will flow into the USA,” highlighting how the additional duties on imports aim to boost domestic manufacturing and revenue streams.
Key imports facing higher tariffs include steel and aluminum, electronics, and select consumer goods like clothing and footwear. Young shoppers might notice price bumps on sneakers, smartphones, and laptops as retailers adjust to the new costs 📱👟.
Trading partners such as Canada, Mexico, the EU, India, and Japan have voiced concerns and warned of potential retaliation. Economists caution that this move could spark a tit-for-tat cycle, affecting supply chains and global market stability.
For students, professionals, and entrepreneurs, this policy shift signals a time to stay alert: import costs may rise, and global trade patterns could evolve. Investors are already watching stock markets for signs of volatility in affected industries.
As the new tariffs take hold, the world waits to see if this bold strategy will reshape U.S. trade relationships or fuel further tensions. One thing’s for sure: global commerce just got a whole lot more interesting 🌐⚖️.
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Trump's latest tariffs come into effect, hitting 90+ countries
cgtn.com
