SVB Ventures

  SVB Ventures | Newsletter No. 20 🔸 Macro News ✔  Trump announces tariffs; Trump, Vietnam's Tô Lâm agree to discuss tariffs deal US President Donald Trump has signed an executive order imposing retaliatory tariffs on many countries worldwide, including a standard 10% import tax on all goods entering the US, which may increase if the US economic situation worsens. Trump also unveiled a new tariff schedule that will be applied to 180 countries and territories, including China (34%), Vietnam (46%), the European Union (20%), Taiwan (32%), Japan (24%), and others, in response to the import taxes those countries impose on US goods. These tariffs will take effect on April 9 and are seen as likely to spark a new trade war, with many countries possibly retaliating to protect their own economies; and raise concerns about the negative impact on the global economy and render many economic forecasts inaccurate if these tariffs are maintained for an extended period. On April 4, General Se...