Former U.S. President Donald Trump signed an executive order imposing a “reciprocal tariffs” policy, setting a minimum 10% tariff on all imports and higher rates on certain trading partners. The move aims to counter foreign trade barriers and boost domestic manufacturing but has sparked economic concerns.
The tariffs take effect on April 5, with additional penalties targeting about 60 countries, including China (34%), Vietnam (46%), and the EU (20%). Exemptions apply to steel, aluminum, and some critical materials.
The policy triggered sharp stock market declines and criticism from economists warning of inflation, global trade disruptions, and recession risks. U.S. lawmakers and international leaders condemned the move, with Canada, Brazil, and the EU promising countermeasures.
Source – CGTN
You can listen to the programs organized by MI Radio on Google Podcast, Apple Podcast and Spotify.
You can download MI Radio application on Google Play Store and Apple App Store.
