Reported 1 day ago
President Trump's new 10% tariff on multiple countries enacted this weekend has stirred significant market reactions, resulting in the worst stock performance since 2020. Trade lawyer Kelly Ann Shaw calls it a critical shift in trade policy, as affected countries include Australia, Britain, and more. Elon Musk has called for the US and Europe to establish a zero-tariff agreement, while other nations, like Canada and China, are responding with their tariffs. The evolving trade landscape is prompting increased prices and a reassessment in various sectors, especially luxury goods, amid concerns over economic stability.
Source: YAHOO