Trump's Tariffs: A Global Trade Shockwave

U.S. President Donald Trump has initiated a global trade war by imposing tariffs on imports from various countries. Baseline tariffs stand at 10%, with country-specific duties ranging up to 50%. Product-specific tariffs target steel, autos, and other industries, with further threats on pharmaceuticals and semiconductors.

In an unprecedented move, U.S. President Donald Trump has commenced a global trade conflict by implementing a series of tariffs against a wide range of products and countries. The initiative is marked by a baseline 10% tariff on all imports into the United States.

Trump's aggressive tariff strategy imposes higher country-specific duties on a diverse group of nations, with some reaching as high as 50%. The targeted countries include major economies such as China, India, and Brazil, alongside smaller nations, highlighting the broad scope and impact of the tariffs.

Beyond country-specific measures, the administration has also set substantial tariffs on certain products, including 50% on steel and aluminum. There are further threats of additional tariffs on pharmaceuticals and semiconductor products, escalating tensions in global trade dynamics.

(With inputs from agencies.)