39,413,474,179 at 10% on all countries, and in some cases has reached up to 50%!
This means that every time a country exports cheaper products to America, higher tariffs are imposed on it.
What are the negative effects?
•Countries won't stay silent, and they will respond with tariffs on American products.
•Prices inside America will increase, and inflation may spiral out of control.
•Global supply chains may be disrupted, especially if factories rely on raw materials from abroad.
•American exports themselves will decrease.
•There is a possibility of a global economic recession.
•Relations between countries will become tense, and free trade agreements may collapse.