Hey everyone, brace yourselves for a twist in global trade! U.S. President Donald Trump signed a bold executive order at the White House, imposing a 10-percent "minimum baseline tariff" and even higher rates on certain trading partners. According to Trump, these tariffs "give us great power to negotiate," turning tariff policy into a strategic tool in international relations.
This move has ignited a wave of trade turmoil 🌍. From supply chain jitters to potential price hikes on everyday goods, the ripple effects are being felt by markets worldwide. Economists and experts are now asking: when will the global economy get back on its feet?
For students, professionals, and global citizens alike, these developments underscore just how interconnected our world has become. As negotiations and market adjustments continue, all eyes are on the unfolding drama in international trade. Stay tuned and join the conversation as we navigate these turbulent economic times!
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As the U.S. tariff salvo sounds, trade turmoil erupts all around
cgtn.com
