Donald Trump Does This Again: Tariffs on Many Countries Revealed

U.S. President Donald Trump today announced he plans to announce bilateral tariffs on many countries next week. Speaking with Japanese Prime Minister Shigeru Ishiba at the White House, Trump said the tariffs will apply to “everyone” but did not specify specific measures. “Regarding trade, in order for us to be treated fairly with other countries, I will make an announcement next week. We ask for nothing more, nothing less,” Trump told reporters, also stating that he will provide further details at an upcoming press conference. Trump hinted that automobile taxes are being considered as part of his larger strategy. “That is always a topic of discussion, it is a big issue,” he said, adding: “We have to balance it.” The policy of reciprocal tariffs has been a long-term goal of Trump and his economic advisers. The former president pushed for legislation allowing the United States to impose equivalent tariffs on countries that impose tariffs on goods produced by the United States. Trump specifically targets the European Union’s Value-Added Tax (VAT) of (, citing the minimum tax rate of 15% as a disadvantage for US exports. In addition to the fluctuating tariffs, Trump’s group has proposed additional measures, including: Customs duties are universalSanctions by sector target important sectors such as steel, pharmaceuticals, and oilHigher tariffs on China, Mexico, and Canada His administration has imposed a 10% tariff on China, while delaying a 25% tariff on Mexico and Canada after the two countries made modest commitments on border security. The market has reacted strongly to the latest threat of tariffs from Trump. According to Sean Farrell, Head of Digital Asset Strategy at Fundstrat, the uncertainty about tariffs has impacted the prices of cryptocurrencies. Farrell said, “We have seen increasing pressure on bond yields and the dollar, which has put downward pressure on cryptocurrencies”. Fundstrat advises clients to be cautious as tariffs could cause stagflationary pressures, with inflation rising while economic growth slows. However, Farrell remains optimistic about the long-term prospects of Bitcoin, citing potential government interest in Bitcoin as a strategic reserve asset.