Reported 5 days ago
Donald Trump has announced plans for reciprocal tariffs that could significantly alter US trade relationships, with expectations set for a big reveal today at 1 p.m. ET. The tariffs aim to impose the same rates on nations that charge the US higher tariffs, affecting allies such as India and Brazil, and potentially escalating trade tensions. While the full details remain unclear, experts warn that implementing these tariffs could be logistically challenging and might lead to increased inflation.
Source: YAHOO