Stronger and Broader US Tariffs Than Expected - Action Forex
In the US, Donald Trump presented a range of new, country-specific tariffs on "Liberation Day". In a move that has resulted in confusion as to the exact country-specific rates, Trump announced tariff rates ranging from 10-60%, depending on the country, with a 10% universal tariff alongside the country-specific duties. The new tariffs were generally stronger and broader than we and markets expected, and sent shockwaves through global markets amid worries that the aggressive duties will slow growth, hit corporate earnings, and increase inflation.
