The enduring impact of Trump's tariffs on the global economy

1 min read
Source: The New York Times
The enduring impact of Trump's tariffs on the global economy
Photo: The New York Times
TL;DR Summary

President Trump has significantly increased U.S. tariffs, transforming global trade dynamics, with threats to impose tariffs on multiple countries, raising the average effective tariff rate to levels not seen since 1910, despite ongoing negotiations and legal challenges, reflecting a shift towards protectionist trade policies.

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