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Latest tariff data compilation update! The first wave of market fluctuations has begun.
At 7:00 AM, Trump fired at the world as promised.
The White House issued a tariff statement. Countries are divided into three categories:
1. A global universal tariff of 10% will be maintained (all countries exporting to the United States must pay a minimum "entry tax" of 10%).
2. Countries with a trade surplus with the United States will face tariffs of 15% or higher (countries that have a trade surplus with the United States will start with a tariff of 15% or even higher).
3. Countries that have not reached agreements with the United States and have a significant trade deficit in goods tend to have higher tax rates.
India: 25%
Switzerland: 39%
South Africa: 30%
Canada: 35%
The two countries that reached an agreement at the last moment - Thailand and Cambodia - were subject to a 19% tariff.
Other aspects are as shown in the figure, but more details are still to be announced, including the details of raising tax rates on certain export goods that are transshipped or pass through other countries.
A series of tariff news will follow, which may affect the recent market trends. Brothers, please be prepared for strategy adjustments. This is not a "one-time trade" but the beginning of the first wave of fluctuations.