
US Reciprocal Tariffs Spark Global Backlash 🌍💥
US hits 90+ countries with 10–50% reciprocal tariffs, triggering backlash from Brazil to India. IMF warns of global shocks, while the Chinese mainland braces for impact.
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US hits 90+ countries with 10–50% reciprocal tariffs, triggering backlash from Brazil to India. IMF warns of global shocks, while the Chinese mainland braces for impact.
President Trump’s new 10%–50% tariffs on 90+ countries took effect at midnight, reshaping global trade and impacting prices from gadgets to fashion.
From August 6, US tariffs on Brazilian coffee beans jump from 10% to 50%. Coffee lovers in the US and beyond may see higher prices as import taxes surge.
Mexico and Canada ended two days of high-level trade talks in Mexico City to strengthen ties and avoid US tariffs, impacting global trade chains.
Schumer warns that US tariffs could cost families an extra $2,400 per year, sparking economic uncertainty and reduced business investment.
A Yale study reveals US tariffs have hit 18.3%—the highest since 1934—impacting GDP growth, unemployment, and household spending.
Asia faces uncertainty amid U.S. tariff threats and shifting alliances, prompting debates on the region’s future path.
Exec editor Charlotte Howard warns that aggressive US tariff policies, including a proposed 30% duty on EU imports, could trigger global economic turbulence.
Japan’s firm tariff stance marks a bold shift in global trade diplomacy, challenging the traditional US-Japan alliance.
The U.S. hikes steel and aluminum tariffs, shaking up Germany’s industries and impacting global supply chains and consumer prices.