President Donald Trump announced sweeping tariffs on more than 180 trading partners of the United States last week.
He described these as “reciprocal tariffs” against countries that impose heavy duties on US imports, aimed at rebalancing a global trade equation that he has long argued is weighted against his country.
The president has cited imbalanced US trade to justify his argument. Indeed, the US has the largest trade deficit in the world and, in 2023, its import costs were $1.1…
Continue Reading
News Source: www.aljazeera.com
Leave a Reply