For many countries, the newly announced 15% tariff rate by Trump is better than the rates faced under IEEPA tariffs.
Show original
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
RSM US Chief Economist Joe Brusuelas pointed out that Brazil, which previously faced tariffs as high as 50%, as well as Canada, India, Indonesia, Mexico, and South Africa, will face lower rates. However, he added that countries such as Argentina, Australia, Saudi Arabia, and the United Kingdom will face higher tariffs. In addition, for now, retailers such as Walmart, Target, Costco, and Amazon will benefit from lower tariffs, while the home appliance industry will be severely hit by Trump’s tariffs, negatively impacting companies like Home Depot, Lowe’s, and IKEA. Although steel and aluminum tariffs remain unaffected, tariffs on auto parts are “reciprocal.” This is good news for automakers such as General Motors, Ford, and Toyota. Consumers who have paid higher prices for many goods may not benefit from lower tariffs, and there is uncertainty as to whether individual importers can obtain tax rebates.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!
You may also like
The Nasdaq Hits Another All-Time High, Nvidia Regains $500 Billion Market Cap
BlockBeats•2026/04/24 14:50
Kazakhstan President watches a bitcoin payment demonstration
AIcoin•2026/04/24 14:49
Futures Hotspot Tracking
金十•2026/04/24 14:47
Trending news
MoreCrypto prices
MoreBitcoin
BTC
$78,037.39
-0.04%
Ethereum
ETH
$2,315.04
-0.78%
Tether USDt
USDT
$1
+0.03%
XRP
XRP
$1.44
+0.49%
BNB
BNB
$638.31
+0.22%
USDC
USDC
$1.0000
+0.03%
Solana
SOL
$86.06
-0.10%
TRON
TRX
$0.3268
-0.46%
Dogecoin
DOGE
$0.09776
+0.96%
Hyperliquid
HYPE
$40.87
-1.59%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now