So, that happened. In what should be a shock to no-one if you listened to the campaign trail promises, U.S. President Trump imposed tariffs on virtually every country on Earth, although the vast majority of these rates has now decreased to 10%.
The main sticking point is that a tariff on China remains hard-set at a whopping 145% as of writing, with China's retaliatory tariffs hitting 125% on U.S. imports coming in. China and others have also been selling off U.S. government bonds, causing volatility in the U.S. bonds market, and is even mulling blanket banning U.S. entertainment exports like movies according to some rumors.
