Reported 25 days ago
President Donald Trump's new reciprocal tariffs signify a significant shift in U.S. trade policy, aiming to equalize import taxes on foreign goods to match those imposed by other countries on American products. This move has raised concerns among global businesses and allies, as it disrupts decades of established trade rules. While Trump's administration argues that these tariffs are necessary to counterbalance unfair competition and address trade deficits, economists warn that they may lead to chaos in international trade and ultimately burden consumers.
Source: YAHOO