PiCK

Trump: "Imposing 15~20% Tariffs on All Remaining Countries"

Source
Doohyun Hwang

Summary

  • President Trump announced that he would impose a 15~20% tariff on most trading partners.
  • President Trump emphasized that the tariff policy has been positively received by the market, and that the S&P 500 hit an all-time high.
  • There are concerns in the market that additional tariffs may strain supply chains and have a negative impact on prices and the overall real economy.

Donald Trump, President of the United States, announced a plan to impose a uniform tariff of 15~20% on most trading partners. Regarding concerns about inflation and potential shocks to the stock market, he said, "Tariffs have been received positively by the market."

In a phone interview with NBC on the 10th (local time), President Trump stated, "I will impose tariffs of 15% or 20% on all the remaining countries," adding, "The specific rate will be coordinated going forward." Currently, the United States operates a uniform tariff rate at around 10%.

President Trump emphasized, "The tariff policy has been very positively received," and "today, the stock market hit an all-time high." In fact, on this day, the S&P 500 index closed at a record intraday high.

However, recent stock market trends have been unstable. According to Forbes, after President Trump announced the first global tariff measures on April 2, the S&P 500 plunged more than 20% within just a few days, marking a historic drop. Some in the market are raising concerns that additional tariffs may strain supply chains and have a negative impact on prices and the real economy overall.

publisher img

Doohyun Hwang

cow5361@bloomingbit.ioKEEP CALM AND HODL🍀
hot_people_entry_banner in news detail bottom articles
hot_people_entry_banner in news detail mobile bottom articles
What did you think of the article you just read?




PiCK News

[Key Economic & Crypto Calendar for the Week Ahead] US December PCE Price Index, and More

7 hours ago
[Key Economic & Crypto Calendar for the Week Ahead] US December PCE Price Index, and More

Risk appetite rebounds on softer US CPI…Bitcoin reclaims the $70,000 level

10 hours ago
Risk appetite rebounds on softer US CPI…Bitcoin reclaims the $70,000 level

Supply-demand balance curbs the 'Takaichi yen weakness'… "A historic plunge in the yen is now a more distant prospect"

11 hours ago
Supply-demand balance curbs the 'Takaichi yen weakness'… "A historic plunge in the yen is now a more distant prospect"

[Analysis] "Binance’s XRP holdings fall to a two-year low…a signal of easing sell-side pressure"

13 hours ago
[Analysis] "Binance’s XRP holdings fall to a two-year low…a signal of easing sell-side pressure"

This Week’s Focus: Fed Minutes and PCE Data… US Supreme Court Ruling on Trump Tariffs Also a Wild Card

14 hours ago
This Week’s Focus: Fed Minutes and PCE Data… US Supreme Court Ruling on Trump Tariffs Also a Wild Card

Trending News