#TrumpTariffs A new round of trade war?
Trump's tariffs are back in the spotlight. In response to the rise in imports from China and other countries, Donald Trump announced his intention to reinstate tariffs on a range of goods, including electronics, cars, and steel. His team claims this protects American industry and creates jobs.
However, critics warn: the new #TrumpTariffs could trigger a chain reaction of retaliatory tariffs from other countries. This has happened before in 2018–2019 when the US and China exchanged blows, leading to increased prices for consumers and loss of markets for farmers.
Will this strategy work this time? Will ordinary Americans and global markets suffer again?
The situation is tense, and the stakes are high.
We are monitoring developments.