U.S. President Donald Trump's latest 'reciprocal tariffs' policy is stirring global economic debates—and not in a good way. Signed on February 13, 2025, the policy aims to match U.S. import tariffs to those imposed by trading partners, but experts warn it could backfire, hitting everyday consumers hardest. 🚨
'This isn’t just about trade balances—it’s about affordability,' says Indian trade scholar S. Parameswaran. Essential goods like steel and cars could see price hikes, shrinking options for buyers already grappling with inflation. 🌐 The move risks triggering a domino effect, slowing globalization and complicating supply chains worldwide.
While the U.S. frames the policy as 'fair trade,' critics argue it could escalate tensions in an already fragile global economy. For young professionals, travelers, and students tracking market trends, this is a wake-up call: trade wars have real-world costs. 🚗💸
