#SpotVSFuturesStrategy Donald Trump's tariff policies are a cornerstone of his "America First" trade agenda, aiming to reshape global trade relationships. He has recently announced plans to send letters to countries outlining reciprocal tariff rates, with some potentially reaching up to 70% if new trade deals aren't finalized by August 1, 2025.

These tariffs, initially including a 10% base tax and additional levies on various nations, were temporarily suspended for 90 days to facilitate negotiations. However, the deadline is approaching, creating uncertainty in global markets. Industries like fireworks in the US are already feeling the impact of increased costs. Economists warn that these tariffs can lead to higher prices for consumers, reduced profit margins for businesses, and potentially lower GDP.