The U.S. is bracing for economic shockwaves after President Donald Trump announced a 10% 'baseline tariff' on all imports starting April 5, declaring a national emergency to 'safeguard sovereignty and security.' 🌍💸 But critics warn the move could backfire, hurting American wallets and destabilizing global trade.
CGTN interviews in New York captured rising frustration. U.S. attorney Joseph Morgan didn’t hold back: "American consumers will lose this, 100 percent. He’s doing tremendous damage." U.S. diplomat Jenna Morris added: "The world now sees the U.S. as an unreliable partner."
Developing countries are also pushing back, fearing a domino effect of trade wars. 🔥 Could this tariff gamble strain alliances and hike prices for everyday goods? Analysts say the clock is ticking.
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U.S. tariffs will devastate global trade, U.S. consumers will lose
cgtn.com