The US has just rolled out sweeping tariff measures that could reshape global trade dynamics. A baseline 10% tariff is being applied across imports from all nations, with notably higher rates targeting China, Canada, and Mexico. The administration's stated objectives include revitalizing domestic manufacturing capacity, narrowing the trade deficit, and tackling migration and drug trafficking challenges. These policy shifts carry significant implications for inflation expectations, currency markets, and how investors reassess portfolio allocations across risk assets. For those tracking macro tr