Trump's tariffs send shivers across world markets as economists warn of recession risk
apnews.com
The U.S. president's move has provoked dismay and calls for further negotiations to make trade rules fairer.

Among the reciprocal tariff levels Trump announced:

China: 34%

European Union: 20%

South Korea: 25%

India: 26%

Vietnam: 46%

Taiwan: 32%

Japan: 24%

Thailand: 36%

Switzerland: 31%

Indonesia: 32%

Malaysia: 24%

Cambodia: 49%

United Kingdom: 10%

Rest of the world: 10%

  • iii@mander.xyzEnglish
    6·
    24 days ago

    The only real reason I can think of

    It’s mercantillism, a well studied subject.

    • sudoer777@lemmy.mlEnglish
      1·
      23 days ago

      Maybe, but threatening your customers who are buying your exported goods doesn’t seem like a good strategy, and US-based corporations already dominate in the US, so it’s not like they’re helping the US become more powerful unless they’re preparing for WW3.