President Trump plans tariffs on China, EU to match foreign duties, risking a global trade war.
President Trump plans to introduce "reciprocal" tariffs targeting countries with large trade surpluses with the US, such as China and the EU. These tariffs aim to match duties imposed by other countries on US goods, potentially sparking a global trade war. The move has sparked concerns among economists and allies, who fear it could raise prices and disrupt supply chains. Trump also plans to announce tariffs on pharmaceuticals soon.
1 week ago
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