At midnight on Thursday, U.S. President Donald Trump’s new ‘reciprocal’ tariffs on more than 90 countries officially kicked in. The duties range from 10% to 50% and mark a major shift in U.S. trade policy.
Trump posted on social media: ‘It’s midnight… billions will flow into the USA,’ highlighting his plan to rebalance global trade. Simply put, tariffs are extra taxes on imports, aiming to boost domestic production and protect local jobs. 💼💸
For young pros in South Asia and Southeast Asia, this could mean pricier smartphones, sneakers, and even your favorite online gadgets. 📱👟 With many parts and products made worldwide, a 10%–50% fee can add up fast at checkout.
On the bright side, some businesses may pivot to local suppliers or innovate faster, fueling new startups in tech and e-commerce. 🚀🌏 Keep an eye on price tags and stay curious about how global trade tweaks affect your daily life!
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Trump's latest tariffs come into effect, hitting 90+ countries
cgtn.com
