On April 2, President Donald Trump introduced two new forms of tariffs aimed at equalizing trade deficits between the US and its trade competitors. The first tariff introduced is a universal 10% import tax on all imported goods in the US. The second, deemed the "reciprocal tax”, will charge 60 nations 50% of what they charge for US products in tariffs and non-tariff barriers.
Trump views these tariffs as necessary for American economic independence. However, critics argue that such...
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