Trump's tariffs send shivers across world markets as economists warn of recession risk
apnews.com
The U.S. president's move has provoked dismay and calls for further negotiations to make trade rules fairer.

Among the reciprocal tariff levels Trump announced:

China: 34%

European Union: 20%

South Korea: 25%

India: 26%

Vietnam: 46%

Taiwan: 32%

Japan: 24%

Thailand: 36%

Switzerland: 31%

Indonesia: 32%

Malaysia: 24%

Cambodia: 49%

United Kingdom: 10%

Rest of the world: 10%

  • Furbag@lemmy.worldEnglish
    35·
    2 days ago

    US dollar in absolute freefall. Thursday is going to be a bloodbath when the market opens.

    • AngrySquirrel@lemm.eeEnglish
      151·
      2 days ago

      It’s 8D chess. By crashing the economy and the dollar he can then increase the price of gold and liquidate Ft Knox at the perfect time. Then he can replace the dollar with trumpcoin. Truly a genius and a patriot.

      Is /s needed?

      • TheFonz@lemmy.worldEnglish
        42·
        1 day ago

        As of now at 17:00 Rome time: 0.90 USD / 1.00 EUR. That is a really big drop

          • TheFonz@lemmy.worldEnglish
            4·
            1 day ago

            Oh shit youre right. Good catch. I’m an american living in Europe but my clients pay me in dollars. Sucky times ahead