⏺ President Trump has made it clear that the upcoming US tariffs will target all countries, rather than focusing on specific trade violators. His announcement puts an end to speculation that the new duties would only impact the “Dirty 15” list of nations with large trade imbalances.
⏺ The tariffs, part of Trump's "Liberation Day" plan, are expected to raise $600 billion annually, with additional levies on auto imports generating $100 billion per year. White House trade officials claim the measures are necessary to rebalance global trade, but critics argue they risk a full-scale trade war.
⏺ With global markets already on edge, economic analysts warn that the move could have serious repercussions for inflation and US industry.
Trump Doubles Down on Global Tariffs
⏺ President Trump has made it clear that the upcoming US tariffs will target all countries, rather than focusing on specific trade violators. His announcement puts an end to speculation that the new duties would only impact the “Dirty 15” list of nations with large trade imbalances.
⏺ The tariffs, part of Trump's "Liberation Day" plan, are expected to raise $600 billion annually, with additional levies on auto imports generating $100 billion per year. White House trade officials claim the measures are necessary to rebalance global trade, but critics argue they risk a full-scale trade war.
⏺ With global markets already on edge, economic analysts warn that the move could have serious repercussions for inflation and US industry.
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