💨 Abstract
President Trump signed an order imposing significant tariffs on imports from 69 countries, reversing long-standing U.S. free trade policy. This move, termed "reciprocal tariffs" by Trump, will apply rates of 10% to 41%, despite most countries having lower or no tariffs on U.S. goods. Economists criticize the formula used, predicting a major impact on trade. Trump's administration justifies this by citing other barriers like safety inspections.
Courtesy: Sam Courtney-Guy
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