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U.S. tariffs are causing economic turmoil worldwide, impacting industries from agriculture to automotive manufacturing, and prompting global calls for cooperation to resolve escalating trade tensions.
The US’s ‘reciprocal tariffs’ policy disrupts global trade norms, raises consumer costs, and may harm both the US and global economies.
Global trade is being strained by the ongoing trade war, with experts predicting significant losses in trade volume for the rest of the year.
Experts warn that U.S. President Donald Trump’s tariffs are hitting the Global South hard, with developing countries like Bangladesh and the Bahamas facing severe economic consequences.
Standard Chartered’s CIO warns that the US may face the biggest impact from its new tariffs, as markets recognize the US as the source of tariff-driven uncertainty.
California has become the first state to sue the U.S. federal government over tariff policies, with Governor Gavin Newsom citing significant harm to the state’s economy and industries.
The US is imposing unilateral tariffs that violate WTO rules, causing global concern over trade and economic growth.
Mexico received $68 billion in remittances from abroad last year, benefiting both Mexican households and the U.S. economy, new studies show.
U.S. tariffs aimed at protecting American interests may actually hurt the U.S. economy and global trade, leading to higher consumer costs and economic instability worldwide.
The U.S. faces economic challenges as recent tariffs backfire, affecting domestic markets and straining international relations in a self-defeating trade war.