Analysts predict that Trump may impose tariffs of at least 10%, and businesses are concerned about the impact of Section 232.

[Coin World] On July 5, most analysts expect that Trump will ultimately impose at least a 10% tariff. Henrietta Treyz, the Director of Economic Policy Research at the consulting firm Veda Partners, stated that with the completion of the Vietnam agreement, Malaysia, Thailand, and the Philippines might face higher tariffs of 15% to 20% due to transshipment concerns. The most worrying uncertainty for businesses and investors is the industry-specific tariffs imposed under Section 232 of the Trade Expansion Act on national security grounds. Aluminum, steel, and automobiles have already been affected by these industry tariffs. Investors have been waiting for the U.S. Department of Commerce's decision on tariffs for pharmaceuticals, semiconductors, lumber, and other industries.