#TrumpTariffs at 10% on all countries, and in some cases it reached 50%!
This means that every time a country exports cheaper products to America, higher tariffs will be imposed on them.
What are the negative effects?
• Countries will not remain silent, and they will respond with tariffs on American products.
• Prices inside America will increase, and inflation may get out of control.
• Global supply chains may be disrupted, especially if factories rely on raw materials from abroad.
• America's own exports will decrease.
• There is a possibility of a global economic recession.
• Relations between countries will become strained, and free trade agreements may collapse.