💨 Abstract

President Donald Trump is expected to announce sweeping new reciprocal tariffs on Wednesday, upending decades of rules-based trade. The tariffs, aimed at equalizing U.S. tariff rates with those charged by other countries, could take effect immediately and may result in retaliation from trading partners. The tariffs could cost the average U.S. household at least $3,400, according to the Yale University Budget Lab.

Courtesy: theprint.in

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