How much will Trump’s new tariffs hurt other countries and US consumers? | News

On Wednesday, United States President Donald Trump imposed sweeping reciprocal tariffs on the US’s trading partners.

The day was termed “Liberation Day” by Trump, who signed an executive order imposing a flat 10 percent tariff on almost all nations and then additional tariffs on those countries that the US accuses of charging higher levies on American goods.

The levies sent shock waves through global markets and prompted criticism from world leaders. China and the European Union have…