US and Global Economies Face Losses as Trump Tariffs Take Effect
New US tariffs announced in 2023 are expected to reduce the US GDP by 0.36% and negatively impact most global economies, with Switzerland, Thailand, and Taiwan experiencing significant declines, while Australia and the UK may see slight gains. The tariffs, which are part of a broader trade policy, have caused market volatility and are likely to continue affecting international trade and economic stability.