The stock market has been shaken by volatility following the U.S. government's decision to impose significant tariffs , with businesses across global supply chains facing increased uncertainty, according to Euronews. The U.S. will now apply a 20% tariff on European Union exports, while other countries face varying rates: 34% for China, 24% for Japan, 26% for India, and 10% for the UK, Brazil, Australia, and Turkey. However, Canada and Mexico are exempt for goods that comply with the USMCA.