China faces 54% tariff rate. EU hit with 20%. Vietnam at 46%. Trump just announced the biggest trade policy shift in decades, imposing base 10% tariffs on ALL imports with higher rates for 60 countries. Key details you need to know: • Base 10% tariff on all imports to US • Additional rates for countries with "trade imbalances" • China faces steepest tariff at 54% (includes existing 20% fentanyl duty) • Vietnam (46%), Bangladesh (37%), Taiwan (32%), Japan (24%) • Implementation: Base tariffs start midnight Saturday; higher duties April 9 • Canada/Mexico exempt while current 25% migration tariffs remain • Exemptions for USMCA-compliant goods • Steel, aluminum, autos already under tariffs exempt from new scheme Impact on markets: • Equity markets fell 2%+ • Automakers (Ford, GM, Tesla) shares declined • Oil prices initially dropped, then rebounded • Mexican peso up 0.8%, Canadian dollar gained 0.5% Stay tuned for more thoughts from our team as the ongoing tariffs implementations evolve. #TariffPolicy #GlobalTrade #PortfolioStrategy #WealthManagement #MarketImpact https://bloom.bg/3Ruts1g
