If President Trump’s new import tariffs are about to sink the United States into a recession, as some economists fear, it will be one of the most widely anticipated downturns in recent memory.  

Americans have had lots of time to prepare. But are we ready? 

First, some background: Three years ago, as the economy recovered from the brief COVID-19 recession, economists were already talking about another downturn. Russia had invaded Ukraine. Inflation was spiking. Interest rates were rising. 

Months passed, and no recession arrived, and hope dawned that perhaps the United States would achieve a “soft landing,” meaning no recession. 

Now, recession fears have returned. President Donald Trump’s campaign of import tariffs, vastly widened on Wednesday, has shaken consumer confidence and sent the stock market tumbling.  

A March CNBC Fed Survey put the probability of recession at 36%, up from 23% in January. J.P. Morgan’s chief economist put the odds at 40%. You can expect those numbers to rise following Trump’s latest tariff announcement.

“Recessions are very difficult to predict, but there’s a growing consensus among economists that the risk of a damaging downturn has risen in the past three months, and even more in the past 24 hours,” said Mark Hamrick, senior economic analyst at Bankrate, speaking on Thursday. 

Whether you are a cash-poor consumer or a top 1% earner, here are some steps you can take to protect your finances:

Rid yourself of high-interest debt 

Paying off credit card debt is easier said than done, especially in a downturn. 

If you have the resources, however, this would be an ideal time to get serious about reducing high-interest debt. The average credit card interest rate is a whopping 24.2%, according to LendingTree.  

To make a dent in your debt, financial planners say, you’ll need to do more than make the minimum monthly payment: double it, add $100, or pay a percentage of your income. 

If you’re strapped for cash, transfer the debt to another loan with a lower interest rate. 

If you have good credit, consider a zero-APR credit card. You will pay no interest for 15, 18 or 21 months. Every dollar you pay reduces your debt. 

Alternatively, transfer the balance to a home equity line of credit, or even a personal loan. You might pay 8%, 10% or 12% interest. That’s better than 24%. 

With card rates so high, dealing with that debt arguably outweighs any other financial goal ‒ including savings. 

For people with card debt, “usually it doesn’t make sense to build up the savings because the interest rate that you’re getting on that savings is a lot lower than the interest you’ll be paying on the debt,” said Sean Higgins, an associate professor of finance at the Kellogg School of Management at Northwestern University.  

Shore up your savings 

If you are free of card debt, this is a good time to take stock of your savings. 

Many finance experts say Americans should stockpile enough emergency savings to cover three to six months of expenses: roughly $33,000, on average, according to Investopedia. 

Emergency savings exist for times like these, when workers are worried about their jobs. Yet, 27% of Americans have no emergency savings, Bankrate reports.  

“Of course, it’s easier to save when times are good than when you lose your job,” said Meir Statman, an author and finance professor at Santa Clara University.  

Few American households can quickly amass $33,000 in savings, especially when times are tough.  

Instead, consider more modest goals: Contribute a set amount of monthly income to emergency savings. Put the money in a high-yield savings account. Think hard before you raid the account for anything short of an actual emergency. 

Plan ahead for major expenses 

Now is not necessarily the time to cancel your European vacation.  

“That would be, to my mind, an overreaction,” Statman said. “People need to live. People need to have fun.” 

Even so, it might be a good idea to plan for that vacation or any large, unexpected expense. Set aside money now so you don’t drain your savings when the expense arrives.  

“You have to be thinking, ‘Am I going to need a new car in the next few years? Do I have the cash set aside for that car?’” said Timothy McGrath, a certified financial planner in Chicago. 

Don’t sell low 

It’s the classic investor’s dilemma: Stock prices have been sinking, but you don’t want to sell when they’re down. 

If you’re a retirement saver and are years away from retiring, then “the fact that the stock market is down 7% or 10% now isn’t so concerning,” Higgins said. Stocks will eventually rebound. 

If anything, the climate might be “a great time to buy stocks because you’re getting them at a discount,” said Veronica Willis, global investment strategist at Wells Fargo Investment Institute. When the market recovers, your portfolio will be worth more than ever. 

It’s harder to avoid “selling low” if you are already retired and drawing down your savings.  

You “do not want to be withdrawing from an aggressive portfolio during a recession,” said Seth Mullikin, a certified financial planner in Charlotte, North Carolina. 

Ideally, retirees have less exposure to stocks. Experts say they should look for ways to cover their expenses without selling devalued stock shares.  

Diversify your portfolio 

When the stock market seesaws, investors are reminded of the value of “diversifying,” balancing riskier stocks with less volatile bonds and other fixed-income alternatives. 

But it’s not so easy to diversify when the stock market is already in disarray.  

“It’s too late to start thinking of pulling out of equities because you’ve already seen that downturn,” Willis said.  

Nonetheless, you may find opportunities to diversify in a shaky market. 

“The good thing is that market volatility isn’t only in one direction,” Willis said. “You get days when the market is up.” 

Take a look at your mix of stocks and bonds. The big market gains of 2023 and 2024 may have left you with a higher allocation of stocks than you want. If so, look for opportunities to sell stocks when prices are high and reinvest those dollars in bonds. 

Alternately, you could just sit back and wait until the market stabilizes. It’s easier to diversify when stocks are high. 

“The point is, the recession,” if there is one, “will be temporary,” Higgins said

Artificial Intelligence (AI) has become vital in several industries, including trading, due to its ability to process large volumes of data, recognize patterns, and make informed decisions.

Leveraging AI in trading can help traders perform various trading analyses, identify optimal entry and exit points, and manage risk. Overall, AI enables traders to make data-driven decisions, automate trading processes, and enhance overall trading performance.

Let’s take a look at the impact of AI on trading.

Note: Combining AI tools with human monitoring and judgment is critical. Traders should be aware of the limitations of AI and use caution when depending only on automated systems. Regular monitoring, thorough testing and ongoing evaluation is required to discover and address any potential flaws.

Furthermore, constant education and skill improvement are required for traders to understand the principles and procedures of underlying AI technologies fully. This allows traders to evaluate and validate the outputs of AI tools, allowing them to make informed decisions based on a combination of AI-driven insights and their own market expertise.

What is AI in trading?

AI in trading refers to the use of artificial intelligence techniques and algorithms to analyze market data, make trading decisions, and execute trades in financial markets. It involves leveraging advanced computational models, machine learning algorithms, natural language processing, and other AI techniques, along with historical and real-time market data, to gain insights, identify patterns, and automate trading processes.

How can AI benefit traders?

Enhanced risk management

AI algorithms can analyze vast amounts of historical and real-time market data, helping traders identify and manage potential risks more effectively. By assessing risk factors and simulating various scenarios, AI models can provide valuable insights and recommendations for risk mitigation, helping traders make more informed decisions and protect their portfolios.

Automated trades

AI enables automated trading, where computer programs execute trades based on predefined rules and strategies. This automation eliminates the need for manual intervention, allowing for faster trade execution and reducing the potential for human errors. Automated trading systems can continuously monitor market conditions, analyze data, and execute trades with precision and efficiency.

Improved trade efficiency

AI algorithms can process and analyze large volumes of data in real-time, identifying patterns and trends that may not be easily noticeable to human traders. With AI-powered tools, traders can react to market changes promptly, make quicker decisions and potentially capitalize on favorable market conditions.

Better trade accuracy

AI algorithms can quickly analyze multiple indicators, market factors, and historical data to generate precise trade signals. This improves the accuracy of trade entry and exit points, potentially leading to more successful trades and improved overall trading performance.

Eliminated emotional bias

AI-based trading systems eliminate emotional bias as they are driven purely by data analysis and predefined rules. By removing emotional factors from the decision-making process, AI helps traders make objective and rational trading decisions, reducing the impact of human emotions on trading outcomes.

Automated market analysis

Market analysis can be automated through AI by leveraging its capabilities in data processing, predictive modeling, and pattern recognition. AI tools can collect and analyze vast amounts of market data, including price data, news, social media sentiment, and economic indicators, in real-time. The data can then be used to perform sentiment analysis and forecast future market movements. Market analysis automation enables traders to make faster and more informed decisions, freeing up time for strategic planning and improving overall trading efficiency.

How to use AI in trading?

Manage portfolio

AI can help in portfolio management by analyzing large volumes of market data and providing insights for portfolio optimization. It can assist in asset allocation, rebalancing portfolios, and identifying opportunities for diversification. It becomes possible to assess historical data, risk factors, and market trends, which can, in turn, help traders make informed decisions on portfolio composition and adjustments.

With AI, traders can determine the optimal allocation of assets based on desired risk-return profiles and constraints.

Predict market patterns

AI can analyze historical market data, technical indicators, news sentiment, and other factors to make predictions about future market movements. AI models can provide forecasts, identify potential price trends, and generate trade signals based on these predictions. By leveraging AI’s predictive capabilities, traders can make more informed decisions on when to enter or exit trades.

Machine learning techniques, particularly predictive modeling, are widely used to predict market movements. These models can be trained on historical data to identify patterns, trends, and relationships between various market indicators and asset prices.

Manage risk

AI plays a crucial role in risk management by assessing and mitigating potential risks associated with trading activities. AI models can analyze past price patterns, market volatility, and other risk factors to identify potential risks and provide recommendations for risk mitigation strategies. Traders can effectively manage and minimize potential losses by setting risk parameters, utilizing AI-driven risk models, and employing tools like stop-loss orders.

Limitations for AI for trading

Even with the many benefits of AI, it’s important to remember that this technology is still in its nascent stages, and there are numerous limitations to it, starting with accuracy. AI algorithms rely on data that is fed to them for making predictions or decisions. If this data is incorrect, contaminated, or outdated, it can directly affect the results generated by AI algorithms.

Moreover, while AI technology in itself is unbiased, the people who code the underlying AI algorithms may have some inherent biases that can creep into AI’s decision-making as well.

As a result, traders should exercise caution when using AI tools for analyzing the market and cross-check all the information given by these tools

Discover the potential of AI

By leveraging AI techniques such as machine learning, optimization algorithms, and predictive modeling, traders can gain valuable insights, make informed decisions, and potentially achieve better trading outcomes in an increasingly dynamic market environment.

MemberForex is here to help every step of the way! help your portfolio asset growth, Lets Connect Growth with us

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Trump held up a reciprocal tariffs chart during his ‘Liberation Day’ address.

President Donald Trump on Wednesday announced a range of reciprocal tariffs targeting almost all countries that the United States trades with, taking a sledgehammer to Washington’s longstanding advocacy of free trade and globalisation.

Trump’s latest tariffs, which build on a series of similar steps he has taken since returning to office on January 20, are going to hit the countries with which Washington has large trade deficits, or that impose heavy tariffs on US goods. In 2023, the US imports were worth $1.1 trillion more than its exports; no other country has as large a trade deficit as the US.

Trump’s reciprocal tariffs also target countries like Syria, which has faced Israeli attacks since the overthrow of President Bashar al-Assad in December 2024, and Myanmar, which is reeling from earthquake damage amid a civil war. They also target economies already struggling to balance their books, depending on loans from the International Monetary Fund, such as Sri Lanka and Pakistan.

Here is how each country will specifically be targeted by Trump’s tariffs and the few sectors that are — for now — exempt from the penalties.

What did Trump say?

Trump announced the reciprocal tariffs in an executive order alongside an address in the Rose Garden at the White House on Wednesday. Trump had been describing April 2 as “Liberation Day”.

In the executive order, Trump said while the US trading policy has been built on the principle of reciprocity, taxes and barriers on US products by its trading partners had hurt the US.

The tariffs, he said, were a response. These reciprocal tariffs will come into effect on April 9.

During his address, Trump made the argument that the US is charging its trading partners with smaller tariffs compared with the tariffs and non-tariff barriers that the partners impose on the US.

“For decades, our country has been looted, pillaged, raped and plundered by nations near and far, both friend and foe alike,” Trump said.

Holding up a chart of the new reciprocal tariffs, Trump cited the example of China, which he claimed charged US products with an average 67 percent tariff. “We’re going to be charging [China with] a discounted reciprocal tariff of 34 percent,” he said. “They charge us, we charge them less. How can anybody be upset? They will be because we’ve never charged anybody anything.”

But the effective tariff on China will actually be higher — and some countries will now be tariffed higher than the duties they levy on US imports. Chinese goods will face a 34 percent reciprocal tariff in addition to the 20 percent tariff that Trump imposed earlier, bringing the overall tariff on Chinese goods to 54 percent, close to his campaign promise of 60 percent. In 2024, China was the second-largest trading partner of the US.

How much will each country be tariffed?

The White House released an annexe of 57 target countries, territories and blocs which will face the increased tariffs. These include:

• Algeria: 30 percent
• Angola: 32 percent
• Bangladesh: 37 percent
• Bosnia and Herzegovina: 36 percent
• Botswana: 38 percent
• Brunei: 24 percent
• Cambodia: 49 percent
• Cameroon: 12 percent
• Chad: 13 percent
• China: 34 percent (in addition to the 20 percent imposed earlier)
• Democratic Republic of the Congo: 11 percent
• Equatorial Guinea: 13 percent
• European Union: 20 percent
• Falkland Islands: 42 percent
• Fiji: 32 percent
• Guyana: 38 percent
• India: 27 percent
• Indonesia: 32 percent
• Iraq: 39 percent
• Israel: 17 percent
• Ivory Coast: 21 percent
• Japan: 24 percent
• Jordan: 20 percent
• Kazakhstan: 27 percent
• Laos: 48 percent
• Lesotho: 50 percent
• Libya: 31 percent
• Liechtenstein: 37 percent
• Madagascar: 47 percent
• Malawi: 18 percent
• Malaysia: 24 percent
• Mauritius: 40 percent
• Moldova: 31 percent
• Mozambique: 16 percent
• Myanmar: 45 percent
• Namibia: 21 percent
• Nauru: 30 percent
• Nicaragua: 19 percent
• Nigeria: 14 percent
• North Macedonia: 33 percent
• Norway: 16 percent
• Pakistan: 30 percent
• Philippines: 18 percent
• Serbia: 38 percent
• South Africa: 31 percent
• South Korea: 26 percent
• Sri Lanka: 44 percent
• Switzerland: 32 percent
• Syria: 41 percent
• Taiwan: 32 percent
• Thailand: 37 percent
• Tunisia: 28 percent
• Vanuatu: 23 percent
• Venezuela: 15 percent
• Vietnam: 46 percent
• Zambia: 17 percent
• Zimbabwe: 18 percent

Trump’s tariff breakdown by country

Donald Trump has announced a minimum 10 percent tariff on most United States trading partners, but dozens of other countries have been hit with varying tariff rates, on top of existing tariffs.

Are other countries tariffed too?

Yes. Apart from the 57 on the list announced on Wednesday, Trump has also imposed a flat 10 percent tariff on products coming from almost all the other trading partners of the US.

He did this by invoking the International Emergency Economic Powers Act of 1977.

Some of the leading countries that will face this 10 percent tariff rate on all exports to the US include:

• United Kingdom
• Australia
• Singapore
• Brazil
• New Zealand
• Turkiye
• United Arab Emirates
• Saudi Arabia
• Chile

These tariffs will come into effect on April 5.

What about Canada and Mexico?

While Canada and Mexico were not on the list of countries slapped with the latest tariffs, both US neighbours already face heavy tariffs.

On February 1, Trump signed executive orders imposing 25 percent tariffs on all goods imported from Mexico and Canada. Those tariffs were suspended for a month after negotiations between Trump and the leaders of the two countries.

In early March, Trump resurrected those tariffs, but on March 6, exempted goods that fall under the United States-Mexico-Canada Agreement (USMCA) from these tariffs on March 6.

Non-USMCA-compliant energy and potash face a 10 percent tariff. All other non-USMCA-compliant products from Mexico and Canada continue to face 25 percent tariffs.

The White House on Wednesday reaffirmed that the tariffs on Mexico and Canada remain in place.

What products are exempt?

The exempt products include copper, pharmaceuticals, semiconductors, lumber articles, energy products and certain critical minerals that are unavailable in the US.

On March 26, Trump signed an executive order imposing 25 percent tariffs on auto imports and certain automobile parts. No additional tariffs on these products were announced on Wednesday.

If President Trump’s new import tariffs are about to sink the United States into a recession, as some economists fear, it will be one of the most widely anticipated downturns in recent memory.  

Americans have had lots of time to prepare. But are we ready? 

First, some background: Three years ago, as the economy recovered from the brief COVID-19 recession, economists were already talking about another downturn. Russia had invaded Ukraine. Inflation was spiking. Interest rates were rising. 

Months passed, and no recession arrived, and hope dawned that perhaps the United States would achieve a “soft landing,” meaning no recession. 

Now, recession fears have returned. President Donald Trump’s campaign of import tariffs, vastly widened on Wednesday, has shaken consumer confidence and sent the stock market tumbling.  

A March CNBC Fed Survey put the probability of recession at 36%, up from 23% in January. J.P. Morgan’s chief economist put the odds at 40%. You can expect those numbers to rise following Trump’s latest tariff announcement.

“Recessions are very difficult to predict, but there’s a growing consensus among economists that the risk of a damaging downturn has risen in the past three months, and even more in the past 24 hours,” said Mark Hamrick, senior economic analyst at Bankrate, speaking on Thursday. 

Whether you are a cash-poor consumer or a top 1% earner, here are some steps you can take to protect your finances:

Rid yourself of high-interest debt 

Paying off credit card debt is easier said than done, especially in a downturn. 

If you have the resources, however, this would be an ideal time to get serious about reducing high-interest debt. The average credit card interest rate is a whopping 24.2%, according to LendingTree.  

To make a dent in your debt, financial planners say, you’ll need to do more than make the minimum monthly payment: double it, add $100, or pay a percentage of your income. 

If you’re strapped for cash, transfer the debt to another loan with a lower interest rate. 

If you have good credit, consider a zero-APR credit card. You will pay no interest for 15, 18 or 21 months. Every dollar you pay reduces your debt. 

Alternatively, transfer the balance to a home equity line of credit, or even a personal loan. You might pay 8%, 10% or 12% interest. That’s better than 24%. 

With card rates so high, dealing with that debt arguably outweighs any other financial goal ‒ including savings. 

For people with card debt, “usually it doesn’t make sense to build up the savings because the interest rate that you’re getting on that savings is a lot lower than the interest you’ll be paying on the debt,” said Sean Higgins, an associate professor of finance at the Kellogg School of Management at Northwestern University.  

Shore up your savings 

If you are free of card debt, this is a good time to take stock of your savings. 

Many finance experts say Americans should stockpile enough emergency savings to cover three to six months of expenses: roughly $33,000, on average, according to Investopedia. 

Emergency savings exist for times like these, when workers are worried about their jobs. Yet, 27% of Americans have no emergency savings, Bankrate reports.  

“Of course, it’s easier to save when times are good than when you lose your job,” said Meir Statman, an author and finance professor at Santa Clara University.  

Few American households can quickly amass $33,000 in savings, especially when times are tough.  

Instead, consider more modest goals: Contribute a set amount of monthly income to emergency savings. Put the money in a high-yield savings account. Think hard before you raid the account for anything short of an actual emergency. 

Plan ahead for major expenses 

Now is not necessarily the time to cancel your European vacation.  

“That would be, to my mind, an overreaction,” Statman said. “People need to live. People need to have fun.” 

Even so, it might be a good idea to plan for that vacation or any large, unexpected expense. Set aside money now so you don’t drain your savings when the expense arrives.  

“You have to be thinking, ‘Am I going to need a new car in the next few years? Do I have the cash set aside for that car?’” said Timothy McGrath, a certified financial planner in Chicago. 

Don’t sell low 

It’s the classic investor’s dilemma: Stock prices have been sinking, but you don’t want to sell when they’re down. 

If you’re a retirement saver and are years away from retiring, then “the fact that the stock market is down 7% or 10% now isn’t so concerning,” Higgins said. Stocks will eventually rebound. 

If anything, the climate might be “a great time to buy stocks because you’re getting them at a discount,” said Veronica Willis, global investment strategist at Wells Fargo Investment Institute. When the market recovers, your portfolio will be worth more than ever. 

It’s harder to avoid “selling low” if you are already retired and drawing down your savings.  

You “do not want to be withdrawing from an aggressive portfolio during a recession,” said Seth Mullikin, a certified financial planner in Charlotte, North Carolina. 

Ideally, retirees have less exposure to stocks. Experts say they should look for ways to cover their expenses without selling devalued stock shares.  

Diversify your portfolio 

When the stock market seesaws, investors are reminded of the value of “diversifying,” balancing riskier stocks with less volatile bonds and other fixed-income alternatives. 

But it’s not so easy to diversify when the stock market is already in disarray.  

“It’s too late to start thinking of pulling out of equities because you’ve already seen that downturn,” Willis said.  

Nonetheless, you may find opportunities to diversify in a shaky market. 

“The good thing is that market volatility isn’t only in one direction,” Willis said. “You get days when the market is up.” 

Take a look at your mix of stocks and bonds. The big market gains of 2023 and 2024 may have left you with a higher allocation of stocks than you want. If so, look for opportunities to sell stocks when prices are high and reinvest those dollars in bonds. 

Alternately, you could just sit back and wait until the market stabilizes. It’s easier to diversify when stocks are high. 

“The point is, the recession,” if there is one, “will be temporary,” Higgins said. 

Trump held up a reciprocal tariffs chart during his ‘Liberation Day’ address.

President Donald Trump on Wednesday announced a range of reciprocal tariffs targeting almost all countries that the United States trades with, taking a sledgehammer to Washington’s longstanding advocacy of free trade and globalisation.

Trump’s latest tariffs, which build on a series of similar steps he has taken since returning to office on January 20, are going to hit the countries with which Washington has large trade deficits, or that impose heavy tariffs on US goods. In 2023, the US imports were worth $1.1 trillion more than its exports; no other country has as large a trade deficit as the US.

Trump’s reciprocal tariffs also target countries like Syria, which has faced Israeli attacks since the overthrow of President Bashar al-Assad in December 2024, and Myanmar, which is reeling from earthquake damage amid a civil war. They also target economies already struggling to balance their books, depending on loans from the International Monetary Fund, such as Sri Lanka and Pakistan.

Here is how each country will specifically be targeted by Trump’s tariffs and the few sectors that are — for now — exempt from the penalties.

What did Trump say?

Trump announced the reciprocal tariffs in an executive order alongside an address in the Rose Garden at the White House on Wednesday. Trump had been describing April 2 as “Liberation Day”.

In the executive order, Trump said while the US trading policy has been built on the principle of reciprocity, taxes and barriers on US products by its trading partners had hurt the US.

The tariffs, he said, were a response. These reciprocal tariffs will come into effect on April 9.

During his address, Trump made the argument that the US is charging its trading partners with smaller tariffs compared with the tariffs and non-tariff barriers that the partners impose on the US.

“For decades, our country has been looted, pillaged, raped and plundered by nations near and far, both friend and foe alike,” Trump said.

Holding up a chart of the new reciprocal tariffs, Trump cited the example of China, which he claimed charged US products with an average 67 percent tariff. “We’re going to be charging [China with] a discounted reciprocal tariff of 34 percent,” he said. “They charge us, we charge them less. How can anybody be upset? They will be because we’ve never charged anybody anything.”

But the effective tariff on China will actually be higher — and some countries will now be tariffed higher than the duties they levy on US imports. Chinese goods will face a 34 percent reciprocal tariff in addition to the 20 percent tariff that Trump imposed earlier, bringing the overall tariff on Chinese goods to 54 percent, close to his campaign promise of 60 percent. In 2024, China was the second-largest trading partner of the US.

How much will each country be tariffed?

The White House released an annexe of 57 target countries, territories and blocs which will face the increased tariffs. These include:

• Algeria: 30 percent
• Angola: 32 percent
• Bangladesh: 37 percent
• Bosnia and Herzegovina: 36 percent
• Botswana: 38 percent
• Brunei: 24 percent
• Cambodia: 49 percent
• Cameroon: 12 percent
• Chad: 13 percent
• China: 34 percent (in addition to the 20 percent imposed earlier)
• Democratic Republic of the Congo: 11 percent
• Equatorial Guinea: 13 percent
• European Union: 20 percent
• Falkland Islands: 42 percent
• Fiji: 32 percent
• Guyana: 38 percent
• India: 27 percent
• Indonesia: 32 percent
• Iraq: 39 percent
• Israel: 17 percent
• Ivory Coast: 21 percent
• Japan: 24 percent
• Jordan: 20 percent
• Kazakhstan: 27 percent
• Laos: 48 percent
• Lesotho: 50 percent
• Libya: 31 percent
• Liechtenstein: 37 percent
• Madagascar: 47 percent
• Malawi: 18 percent
• Malaysia: 24 percent
• Mauritius: 40 percent
• Moldova: 31 percent
• Mozambique: 16 percent
• Myanmar: 45 percent
• Namibia: 21 percent
• Nauru: 30 percent
• Nicaragua: 19 percent
• Nigeria: 14 percent
• North Macedonia: 33 percent
• Norway: 16 percent
• Pakistan: 30 percent
• Philippines: 18 percent
• Serbia: 38 percent
• South Africa: 31 percent
• South Korea: 26 percent
• Sri Lanka: 44 percent
• Switzerland: 32 percent
• Syria: 41 percent
• Taiwan: 32 percent
• Thailand: 37 percent
• Tunisia: 28 percent
• Vanuatu: 23 percent
• Venezuela: 15 percent
• Vietnam: 46 percent
• Zambia: 17 percent
• Zimbabwe: 18 percent

Trump’s tariff breakdown by country

Donald Trump has announced a minimum 10 percent tariff on most United States trading partners, but dozens of other countries have been hit with varying tariff rates, on top of existing tariffs.

Are other countries tariffed too?

Yes. Apart from the 57 on the list announced on Wednesday, Trump has also imposed a flat 10 percent tariff on products coming from almost all the other trading partners of the US.

He did this by invoking the International Emergency Economic Powers Act of 1977.

Some of the leading countries that will face this 10 percent tariff rate on all exports to the US include:

• United Kingdom
• Australia
• Singapore
• Brazil
• New Zealand
• Turkiye
• United Arab Emirates
• Saudi Arabia
• Chile

These tariffs will come into effect on April 5.

What about Canada and Mexico?

While Canada and Mexico were not on the list of countries slapped with the latest tariffs, both US neighbours already face heavy tariffs.

On February 1, Trump signed executive orders imposing 25 percent tariffs on all goods imported from Mexico and Canada. Those tariffs were suspended for a month after negotiations between Trump and the leaders of the two countries.

In early March, Trump resurrected those tariffs, but on March 6, exempted goods that fall under the United States-Mexico-Canada Agreement (USMCA) from these tariffs on March 6.

Non-USMCA-compliant energy and potash face a 10 percent tariff. All other non-USMCA-compliant products from Mexico and Canada continue to face 25 percent tariffs.

The White House on Wednesday reaffirmed that the tariffs on Mexico and Canada remain in place.

What products are exempt?

The exempt products include copper, pharmaceuticals, semiconductors, lumber articles, energy products and certain critical minerals that are unavailable in the US.

On March 26, Trump signed an executive order imposing 25 percent tariffs on auto imports and certain automobile parts. No additional tariffs on these products were announced on Wednesday.

Artificial Intelligence (AI) has become vital in several industries, including trading, due to its ability to process large volumes of data, recognize patterns, and make informed decisions.

Leveraging AI in trading can help traders perform various trading analyses, identify optimal entry and exit points, and manage risk. Overall, AI enables traders to make data-driven decisions, automate trading processes, and enhance overall trading performance.

Let’s take a look at the impact of AI on trading.

Note: Combining AI tools with human monitoring and judgment is critical. Traders should be aware of the limitations of AI and use caution when depending only on automated systems. Regular monitoring, thorough testing and ongoing evaluation is required to discover and address any potential flaws.

Furthermore, constant education and skill improvement are required for traders to understand the principles and procedures of underlying AI technologies fully. This allows traders to evaluate and validate the outputs of AI tools, allowing them to make informed decisions based on a combination of AI-driven insights and their own market expertise.

What is AI in trading?

AI in trading refers to the use of artificial intelligence techniques and algorithms to analyze market data, make trading decisions, and execute trades in financial markets. It involves leveraging advanced computational models, machine learning algorithms, natural language processing, and other AI techniques, along with historical and real-time market data, to gain insights, identify patterns, and automate trading processes.

How can AI benefit traders?

Enhanced risk management

AI algorithms can analyze vast amounts of historical and real-time market data, helping traders identify and manage potential risks more effectively. By assessing risk factors and simulating various scenarios, AI models can provide valuable insights and recommendations for risk mitigation, helping traders make more informed decisions and protect their portfolios.

Automated trades

AI enables automated trading, where computer programs execute trades based on predefined rules and strategies. This automation eliminates the need for manual intervention, allowing for faster trade execution and reducing the potential for human errors. Automated trading systems can continuously monitor market conditions, analyze data, and execute trades with precision and efficiency.

Improved trade efficiency

AI algorithms can process and analyze large volumes of data in real-time, identifying patterns and trends that may not be easily noticeable to human traders. With AI-powered tools, traders can react to market changes promptly, make quicker decisions and potentially capitalize on favorable market conditions.

Better trade accuracy

AI algorithms can quickly analyze multiple indicators, market factors, and historical data to generate precise trade signals. This improves the accuracy of trade entry and exit points, potentially leading to more successful trades and improved overall trading performance.

Eliminated emotional bias

AI-based trading systems eliminate emotional bias as they are driven purely by data analysis and predefined rules. By removing emotional factors from the decision-making process, AI helps traders make objective and rational trading decisions, reducing the impact of human emotions on trading outcomes.

Automated market analysis

Market analysis can be automated through AI by leveraging its capabilities in data processing, predictive modeling, and pattern recognition. AI tools can collect and analyze vast amounts of market data, including price data, news, social media sentiment, and economic indicators, in real-time. The data can then be used to perform sentiment analysis and forecast future market movements. Market analysis automation enables traders to make faster and more informed decisions, freeing up time for strategic planning and improving overall trading efficiency.

How to use AI in trading?

Manage portfolio

AI can help in portfolio management by analyzing large volumes of market data and providing insights for portfolio optimization. It can assist in asset allocation, rebalancing portfolios, and identifying opportunities for diversification. It becomes possible to assess historical data, risk factors, and market trends, which can, in turn, help traders make informed decisions on portfolio composition and adjustments.

With AI, traders can determine the optimal allocation of assets based on desired risk-return profiles and constraints.

Predict market patterns

AI can analyze historical market data, technical indicators, news sentiment, and other factors to make predictions about future market movements. AI models can provide forecasts, identify potential price trends, and generate trade signals based on these predictions. By leveraging AI’s predictive capabilities, traders can make more informed decisions on when to enter or exit trades.

Machine learning techniques, particularly predictive modeling, are widely used to predict market movements. These models can be trained on historical data to identify patterns, trends, and relationships between various market indicators and asset prices.

Manage risk

AI plays a crucial role in risk management by assessing and mitigating potential risks associated with trading activities. AI models can analyze past price patterns, market volatility, and other risk factors to identify potential risks and provide recommendations for risk mitigation strategies. Traders can effectively manage and minimize potential losses by setting risk parameters, utilizing AI-driven risk models, and employing tools like stop-loss orders.

Limitations for AI for trading

Even with the many benefits of AI, it’s important to remember that this technology is still in its nascent stages, and there are numerous limitations to it, starting with accuracy. AI algorithms rely on data that is fed to them for making predictions or decisions. If this data is incorrect, contaminated, or outdated, it can directly affect the results generated by AI algorithms.

Moreover, while AI technology in itself is unbiased, the people who code the underlying AI algorithms may have some inherent biases that can creep into AI’s decision-making as well.

As a result, traders should exercise caution when using AI tools for analyzing the market and cross-check all the information given by these tools

Discover the potential of AI

By leveraging AI techniques such as machine learning, optimization algorithms, and predictive modeling, traders can gain valuable insights, make informed decisions, and potentially achieve better trading outcomes in an increasingly dynamic market environment.

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