Part 2/10:
The recent market crash can be attributed to a series of reciprocal tariffs imposed on goods imported from various countries, particularly China and the EU. These tariffs came in much higher than anticipated, with U.S. goods subjected to a staggering 34% tariff on top of an existing 20% for imports from China, and 20% for those from the EU. Southeast Asian nations such as Vietnam and Cambodia are facing even greater tariffs, ranging from 46% to 49%. This significant shift in trade dynamics has elicited panic among investors, as these countries accounted for nearly 25% of all U.S. imports last year.