Trump says that starting April 3, he U.S. will impose reciprocal tariffs on every country on Earth.
This includes 34% tariffs on China, 20% on the EU, 46% on Vietnam, 42% on Taiwan, 24% on Japan, 26% on India and more.
And so, it begins...
Trump just massively escalated his trade war. Here’s what he announced
The trump speech about tariffs that y'all missed...🤭
"Ladies and Gentlemen, gather 'round, because I’ve got some wonderful news for you! Hold onto your hats, because we're about to experience a depression and recession like no one has ever seen before, it's going to be HUGE! Forget about the good old days of low prices, job security, and growing US markets—that was just a boring little dream. We're diving headfirst into a beautiful new era of high high prices, where everything from a loaf of bread to a gallon of gas is priced like it's made of pure gold. Because, honestly, who doesn’t love paying $12 for a sandwich?
And bankruptcies? Oh, don’t even get me started. They’re going to be everywhere! People will be bankrupt left and right, like it’s some new social trend. Who needs financial stability when you can just, you know, rely on nothing?
Food shortages? Absolutely. Why should anyone expect to walk into a store and see shelves stocked with food? That's so last century. We’re going to embrace the joy of guessing what you’ll actually find at the supermarket. Spoiler alert: it’s probably just empty aisles and a lot of disappointment.
And, the best part? All the countries in the world will look at us, smile politely, and then... not trade with us at all. Because why trade with a country that can’t even get its act together? We’ll all be living in perfect isolation, basking in the glory of our own self-inflicted economic chaos. Who needs global trade when we can just sit in our own little bubble of despair?
So, buckle up! The next few years are going to be a wild ride, and if you’re not already drowning in confusion, you definitely will be soon. What could possibly go wrong? Oh, and don't forget, no more elections. I'll be running this country just like I do my business, for a long time with Elon by my side. So much winning"
