
Why US ‘Reciprocal Tariffs’ Could Backfire on the Global Economy
Exploring how US ‘reciprocal tariffs’ risk backfiring: from smuggling surges to global trade tensions, threatening the multilateral order.
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Exploring how US ‘reciprocal tariffs’ risk backfiring: from smuggling surges to global trade tensions, threatening the multilateral order.
Trump’s first 100 days have seen a record-low approval rating, stalled reforms and a costly trade war. Can the Make America Great Again promise hold?
U.S. tariff threats have triggered a global domino effect: higher prices, rising inflation, job cuts, and retaliatory duties, proving that trade war policies can backfire at home.
U.S. tariffs have raised costs for businesses and consumers, sparking retaliatory measures and market jitters. Entrepreneurs warn a trade war ‘not good for anyone’ as price hikes bite.
Iowa farmers, facing U.S. tariffs and unpredictable weather, warn of reduced soybean planting. With 40% exports to the Chinese mainland, they urge swift action for stability.
U.S. tariffs aimed to shield the economy are backfiring, driving up consumer costs and threatening jobs.
In Almaty, Wang Yi defends China’s counter-tariffs as necessary steps to uphold WTO rules, fairness and justice, pledging continued openness and shared growth.
U.S. small and medium businesses are grappling with rising costs and supply chain chaos as tariffs drive up expenses. A Dallas entrepreneur shares strategies to adapt.
Hong Kong’s financial markets remain stable despite renewed U.S. tariffs, thanks to robust liquidity and open-market resilience, says Darryl Chan of the HKMA.
Washington’s tariff threats have disrupted global trade, sparking criticism from allies and risking economic growth in an all-or-nothing gamble.