Former US President Donald Trump defended his implementation of tariffs, emphasizing their role in addressing trade deficits with countries like China and the European Union. He described tariffs as a “beautiful thing” that would benefit the US economy in the long run. However, these actions have sparked global trade tensions and economic debates, with concerns raised about potential consequences such as higher consumer prices and strained international relations.
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China hits back at US with 84% tariffs after Trump's 104% duty
The TOI Business Desk is a dedicated team of journalists at The Times of India, focused on delivering the latest and most relevant business news globally. Their primary goal is to cover a wide range of industries, markets, economic trends, and breaking stories that impact businesses and economies. With a commitment to providing valuable insights and updates, the desk ensures that TOI readers are well-informed about the dynamic world of commerce. Full Article
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