#TrumpAnnouncesNewTariffs

Trump announced a 10% global tariff! 😊 This tariff will be in effect for 150 days and will exclude certain products. Trump announced this new tariff policy after the Supreme Court ruled the IEEPA tariffs unconstitutional.

*Tariff Details:*

- *Rate:* 10% (to be increased to 15%)
- *Duration:* 150 days
- *Excluded Products:* Critical minerals, electronics, pharmaceuticals, aerospace products, passenger vehicles, and agricultural products

*Impacts:*

- An average additional cost of $1,000-$1,300 to US households
- Expected 0.5% decrease in economic growth
- Price increases and supply chain problems in some sectors

*Reactions:

- China begins applying zero tariffs to African countries in response to US tariffs
- Countries like Canada and Mexico are taking their own countermeasures in response to US tariffs

$BTC