Donald Trump has proposed implementing a 20% global tariff on imports, which could increase tensions in global trade.
Escalation of Trade War
President Donald Trump views a 20% global tariff as a 'simple' policy he wishes to enforce. This proposal has raised concerns among investors wary of increasing economic tensions.
Support for Reciprocity Principle
In February, the president signed a memorandum outlining the implementation of reciprocal tariffs to restore fairness in U.S. trade relationships. Trump stated that the U.S. would impose tariffs equivalent to those of its trading partners.
Economic Community's Reaction
Investors are closely monitoring Trump's anticipated tariff announcement set for April 2. Leaks suggest a 25% tariff on imported cars could be implemented, but the final announcement remains speculative.
As new tariffs are planned, details remain uncertain, and the economic community continues to assess the potential global trade impact.
