The orange man, also known as Trump, has announced a new 10% tariff on imports from brazil and reciprocal tariffs for countries that tax EUA products. The measure caused the markets to fall sharply for fear of recession.
The big question now is: how will the economic powers, especially China, the European Union and Mexico, react?
The market is crazy today and highly volatile. After unloading $88500 to $82K, I decided to make some trades (two, to be precise). I placed only two bets, made a small profit, but I'm stepping away for now, the market is too volatile and crazy for now.
USA imposed lower tariffs than other countries imposed to USA.
For example, Brazil imposed 13% to usa whole they are imposing now only 10%
Canada already said it will remove all tariffs. Maybe we will see this crazy trump move doing some good in the end?
https://watcher.guru/news/canada-willing-to-remove-tariffs-if-us-does-doug-ford-says