Trump's Tariffs: Global Markets in Shock

📆This Week’s Topic

Last week, on Wednesday, President Trump announced what he called “Liberation Day.” He imposed tariffs on over 50 countries and replaced the US system of taxing imports with his tariff system. The global markets experienced huge losses throughout on Wednesday due to the tariff announcement. I told you last week that I would report on this matter after further research is complete, and today is that time. I have completed the research, and I am here to share with you my findings and things to consider as this will affect you a lot in different ways.

📔 Why This Topic?

You guys need to know what is happening in the world. The Trump Tariffs produced is one of the biggest drops of global markets in years, you must know what is happening. A lot of you have likely noticed your investments sink a lot because of Trump’s announcement. Wednesday. At Friday Finance, we want to provide you with quality content to keep you updated on financial news and convey financial ideas. We are providing you with the content you need.

🏛 Tariff Overview

President Trump announced the tariffs on Wednesday. Trump announced that he would be implementing a base tariff to apply to nearly all U.S. imports. These tariffs would be 10%. The second announcement involved a “reciprocal tariff”. This tariff charged a high tax for countries that have unfair economic practices that hurt exporters from the US. (According to President Trump’s opinion, which may or may not be reality.) These tariffs are not based on other countries’ tariffs on them but on the US trade deficit.

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📊 The Market’s Response

As you may know, on Wednesday and the following days, global markets took some hard losses. On Wednesday, the S&P 500 sunk 6%, which is the biggest fall since June 2020 at the start of COVID-19. The markets are likely to continue dropping as President Trump finalizes the tariffs and maybe even increases them. As of yesterday, he has dropped some of the tariffs on the stock market, which went back up a bit. Trump removed the tariffs yesterday to reverse his decision, which caused the markets to sink.

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🔚 Outcome

What happens next? The outcome. Not only have the markets seen huge drops in the last week, but other countries might stop their imports to the US. This could result in major shortages of products like technology and video games. Considering that these are only some of the imported products, the US will have to rely on their production.

⛱ Consumer Effect

Another thing to think about for the future is inflation. There is going to be more inflation on the US imports. This is because the suppliers are going to raise prices to account for the tariffs. This is going to cause major inflation for physical products because they are going to be a lot more expensive.

🏢Business Effect

Businesses are also going to be influenced by these tariffs. They are going to be affected because a lot of businesses require imports from other countries for their business operations. The new line of tariffs could mean that other countries don’t want to import goods into the US due to their increased cost. If they still want to import goods, the products will be priced exponentially higher because of the tariffs. A lot of businesses could go bankrupt because of this.

⏳ Final Snippet

These tariffs are likely to start a trade war. The stock markets are plummeting, and the tariffs are increasing. We don’t know how other countries are going to punish us for this. A possibility is other countries imposing their on tariffs on U.S. products. We don’t know what is going to happen next.

🙏Thank You & Important Information

Thank you for reading this edition of Friday Finance, and if you are a subscriber, thank you for reading a lot of my articles. I greatly appreciate how much support this has and am so grateful that you guys read it every week. Also, Friday Finance Shop has relocated to fridayfinanceshop.square.site. We started accepting orders last Wednesday. Anyway, have a great week, and I will see you next week.

Jacob Gans

Friday Finance