U.S. President Donald Trump's latest executive order on reciprocal tariffs is making waves. Starting April 5, a baseline 10% tariff will be applied to most imports, with an individualized higher rate kicking in on April 9 for countries and regions with the largest U.S. trade deficits.
Experts are weighing in on the policy, arguing that it reflects a stance where "the U.S. is against the world." Research fellow Wei Nanzhi from the Institute of American Studies at the Chinese Academy of Social Sciences noted, "In fact, the so-called international order which is unfair to the U.S. was formed under the leadership of the U.S., who has long been the biggest beneficiary." 🤔
While some see the measure as a bid to revive American manufacturing, critics believe that using reciprocal tariffs to bring back industries may not deliver short-term results. The debate continues as market watchers and political analysts keep a close eye on this bold policy move.
Stay tuned for more updates on how this decision may reshape global trade dynamics! 🚀
Reference(s):
cgtn.com
