Background
In one bold move which lasted nothing more than 5 mins, shockwaves were sent reverberating across the markets. President Donald Trump declared "Liberation Day" on 2nd April, and unveiled a series of sweeping reciprocal tariffs at various countries which, according to him, had huge trade deficits with the US. Additionally, there was a baseline of 10% tariff on all foreign imports.
The specific countries at which this was targeted was China, Europea...

The Trump administration’s recent announcement of reciprocal tariff policies has far exceeded market expectations, especially when it comes to the tariff rates and the scope of their application.
The policy takes a cumulative approach, rather than a substitution model, meaning that tariffs will be added on top of existing duties, which will systematically raise the cost of imported goods. For example, the overall tariff on Chinese exports to the U.S. could re...