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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.
But critics warn the move could backfire, hurting American wallets and destabilizing global trade.
Could this tariff gamble strain alliances and hike prices for everyday goods? Analysts say the clock is ticking.
