
President Trump pressed the pause button on tariffs for 90 days this week and sent the markets into extreme volatility.
When announcing the tariffs Trump said, “taxpayers have been ripped off for more than 50 years. But it is not going to happen anymore.”
A few days later, he announced the pause for all countries except China (who will be tariffed at a 124% rate). But if the planned tariffs eventually go into effect, some countries will feel the pain worse than others. According to a list released by the White House earlier this week, these countries stand to feel the most pain.