Summary
Trump announced a 10% baseline tariff on all U.S. imports and steep “reciprocal tariffs” targeting countries with high trade barriers, including 34% on China, 24% on Japan, and 20% on the EU.
The tariffs begin April 5 and April 9, respectively. Branded “Liberation Day” tariffs, the move claims to boost U.S. manufacturing and fund tax cuts but is expected to raise consumer prices.
Economists warn of recession risks and market instability.
Allies, including Canada and the EU, plan retaliatory tariffs, raising fears of a global trade war.
It’s not fears of a trade war anymore, it is a trade war
Mentally ill gereatric nepo baby said so
Mega mouth breezer feel like he be yeeting 🤡
I don’t know whether I am too high or not high enough to understand this comment
When we have a trade war, isn’t it normally limited to one or a few countries? We should Stat calling this Trump’s World War on Trade.
I’m pretty sure it should be “war on trade” like war on terror/drugs.
with every nation on earth. good god. hyperinflation here we come.