Stanisland Magazine

The United States’ actions are a new kind of stupid, and straight gambling.

While his cronies cheered him on in their big boy club from Signal, the White House‘s actions are a trap to ask the world to “look at me” as they play with the lives of billions of people.

Despite the United States’ economic power, this position is only possible thanks to a collective effort, and countermeasures that will soon be implemented by the European Union will hurt Washington more.

READ MORE: What You Need to Know About the Trump-Zelensky Disagreements

Even without retaliatory tariffs, Donald Trump will hurt American citizens by his own actions. The pen is mightier than the sword, and those who wield it stand to lose more than they anticipated. Here’s how it will impact the world.

How will tariffs affect the stock market and consumers?

Put simply, many products will become costly following Trump’s MAGA manifesto. Apple are expected to incur $8.5 billion extra in annual expenses thanks to additional import costs, potentially influencing the cost of their flagship item, the iPhone.

• Consumer prices will increase: Tariffs are essentially taxes levied against imported goods. As well as factoring in profit margins, businesses must account for these costs. These charges are largely recouped through the end user.
• Production costs: Imported materials used in the production process will see higher prices. Goods from China (a 34% increase) need to be considered and will likely see a surge in asking prices.
• Reduced choice of product: Less product choice is another variable to consider. Due to surging costs, product options will become limited as importers re-evaluate their needs.
• Supply chain disruption: New tariffs will disrupt delivery times; in turn these delays penalise businesses. This is then passed on to the consumer.
• Inflation and recession fears: A surge in fees can lead to inflation, triggering a recession and potentially reducing international purchasing power.

Full list of Tariff Increases

Below a full list of tariff increases.

• A general increase of 10% will be applied to all countries
• China: 34% additional increase, totalling 54% on Chinese imports.
• Vietnam: 36% increase on imports. Prior to the new tariff implementations, the country faced no import costs.
• European Union (EU): A 20% increase on top of a 0-5% cost was levied dependent on the product.
• Japan: Similar to the EU, Tokyo’s government has historically paid low import fees. This represents an approximate 20-24% increase.
• The United Kingdom (UK): A 10% tax will be imposed on UK imports. Prior to this, virtually no fees were charged on goods coming from the country.
• Canada and Mexico: Following an agreement between the three countries, the US has suspended tariff fees.
• Israel: Israeli imports will see a 17% fee on imports.

Sector-Specific Tariffs:

• Automobiles: All foreign-made products will see a 25% tariff slapped on vehicles. Before this, a standard 2.5% charge was in place.