New US Tariffs Launch, Escalating the Ongoing International Trade Conflict
US President Donald Trump's "reciprocal" tariffs on numerous countries have now taken effect, imposing hefty duties of 104% on Chinese goods and 20% on products from the European Union. This move escalates his global trade dispute even as he prepares for negotiations with several nations.
As President Trump himself noted, “We have a lot of countries coming in that want to make deals.” However, these punitive tariffs have disrupted a trading order that has been in place for decades, leading to heightened recession fears and…