President Trump has implemented and threatened expansive tariffs during his second term, causing diplomatic turmoil, market instability, and industry confusion. His shifting commitment to tariffs has led to reversals, withdrawals, and pauses, including threats of 200 percent levies on alcohol from the European Union. Actions included tariffs on Canada, Mexico, China, Colombia, and the EU, with retaliatory measures and negotiations sparking further tensions and uncertainty. The president’s back-and-forth decisions have had significant consequences on global trade relations and market dynamics.
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With Car Tariffs, Trump Puts His Unorthodox Trade Theory to the Test
President Trump's tariffs on automobiles and auto parts have sparked a clash with mainstream economists, with the president arguing that they will boost American jobs and prosperity by encouraging domestic production. However, economists warn that tariffs could lead to higher car prices, disrupt supply chains, and trigger global trade wars, ultimately hurting the U.S. economy. Stock markets fell in response to the tariffs, with automakers and economists predicting disruptions and layoffs in the auto sector....
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