U.S. President Donald Trump’s latest tariff move is sending shockwaves through global markets, with experts calling it a policy that pits America against its trading partners. On Wednesday, Trump signed an executive order imposing a "minimum baseline tariff" of 10% on all imports starting April 5, plus higher rates for nations with large trade deficits with the U.S. beginning April 9.
🔍 What’s the Big Deal?
The "reciprocal tariffs" aim to address what Trump calls "unfair" trade imbalances. But scholars like Wei Nanzhi from the Chinese Academy of Social Sciences argue the U.S. itself designed today’s global trade framework. "The U.S. has long been the biggest beneficiary of the system it led," Wei told state media, adding that tariffs won’t magically revive American manufacturing jobs.
🌐 Global Backlash Brewing
The policy risks turning trade partners into adversaries. Critics say slapping tariffs on economies like the EU, Japan, and others ignores how interconnected supply chains are. With the dollar’s dominance already straining industries, this move could escalate tensions further. 💥
🗓️ What’s Next?
Markets are bracing for April’s tariff rollout, while diplomats scramble to negotiate exemptions. Will other countries retaliate? Stay tuned as this trade saga unfolds! 📈⚖️
