Its kiss your a** goodbye time for the global economy - massive tariff war declared

  • Trump imposes 10% minimum tariff and MUCH higher for 60 'worst offender' nations

Here is the table distributed as a summary of the new tariffs, below.

  • baseline 10% tariffs take effect April 5
  • higher reciprocal rates will take effect April 9
  • the higher rates apply to about 60 countries

Risk FX has been slapped back lower. EUR/USD hit 1.0920 and thereabouts, its back under 1.0820 now

reciprocal tariffs 03 April 2025 2

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