U.S. President Donald Trump's push for 'reciprocal tariffs' to balance trade deficits might end up hurting America more than its partners, says Indian economist K.J. Joseph. The policy, announced alongside steep steel and aluminum import taxes, has sparked global criticism and fears of economic turbulence. 🔥
Why It Matters
Joseph argues that while countries like India may face short-term export challenges, the U.S. risks fueling inflation, slowing growth, and disrupting global supply chains. 'Trade wars are lose-lose,' he warns. 📉
The Bigger Picture
The move could destabilize international trade rules, creating uncertainty for businesses and investors worldwide. With tensions rising, experts say diplomatic solutions—not tariffs—are key to avoiding a full-blown economic showdown. 🌐⚖️
