On April 2, President Donald Trump announced new tariffs, including a 10% universal tariff on imports and reciprocal tariffs targeting 60 trade partner countries, aiming to address trade imbalances. The announcement led to significant reactions in global markets, with declines in U.S. stock indexes and concerns about economic impacts, as companies reliant on global supply chains saw their stock values drop. The tariffs are expected to increase costs for U.S. importers like Walmart and Amazon, potentially leading to higher consumer prices and exacerbating financial strain amid existing inflationary pressures.
