On April 2, the U.S. kicked off a global trade shake-up by imposing a 10% baseline tariff on all countries, with some partners facing tariffs nearing 50%. Amid market turmoil, Washington pressed pause on most tariffs for 90 days, though the baseline remains in effect until July 9.
Now, as the pause nears its end, Washington's bold promise of "90 deals in 90 days" has lost its spark. Instead, the economic fallout has boomeranged back, impacting global trade in unexpected ways.
CGTN is shedding light on this twist with its new special feature, "The Tariff Boomerang II." The engaging report breaks down how tariffs meant to deliver a knockout punch have circled back, creating surprising ripples throughout the market. 😲
This in-depth analysis is a must-read for business professionals, students, and anyone curious about how international policies shape our economy. It’s like a real-life economic blockbuster, with every twist making you pause and think. 🤔
Stay tuned as we explore the ripple effects of this tariff strategy and its unexpected impact on global trade dynamics.
Reference(s):
cgtn.com
