Part 2/10:
The catalysts for this downturn are Trump's aggressive tariff policies, which include a blanket 10% tariff on all imported goods to the U.S., coupled with penalties aimed at nations deemed unfair trade partners. This "reciprocal tariff" strategy principally targets countries with which the U.S. has large trade deficits. For instance, the U.S. claims Vietnam levies a 90% tariff on American goods, although the true figure is approximately 9.4%. Countries such as Vietnam, China, and Cambodia are bearing the brunt of these measures.