Tariff Turmoil: A Shift in Global Trade Policy

This chapter examines the recent implementation of tariffs by the U.S. administration and their destabilizing effects on global markets. It highlights the distinctions between baseline and reciprocal tariffs, particularly emphasizing significant increases on trade with China, the EU, and the UK. The discussion reflects on the broader implications of these measures, potential retaliatory actions from trading partners, and a notable departure from established global trade norms.

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