Donald Trump, the President of the United States, has announced the implementation of reciprocal trade tariffs against countries worldwide. These tariffs, effective from midnight US time, include a basic 10% tariff on all countries. Trump stated that these tariffs ‘are not fully reciprocal.’ According to the published list, China (34%), Vietnam (46%), Thailand (36%), Cambodia (49%), and Bangladesh (37%) have the highest tariff rates. The European Union at 20%, Britain at 10%, and South Korea at 25% are also subject to tariffs. Trump emphasized that this action aims to end decades of trade abuse against America and support domestic production and American employment. Financial markets, including Bitcoin, have reacted to this decision with momentary fluctuations.
