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All countries with trade agreements now drop to a 10% tariff, and the 10% rate applies until new authorities and processes kick in, according to CNBC citing a White House official

The announcement of a uniform 10% tariff for all countries with trade agreements signals a significant shift in trade policy, potentially impacting currencies like the USD, EUR, and JPY.

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This could lead to volatility across equities and commodities as markets adjust to the new regime. The immediate effect may heighten market uncertainty, particularly for sectors sensitive to trade dynamics, which investors should monitor closely.

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