Trump's Tariff Tango: A Global Trade Balancing Act

U.S. President Donald Trump has reignited trade tensions with proposed tariffs targeting countries like China, Mexico, and Canada. These measures potentially threaten global trade dynamics, impacting industries from semiconductors to automobiles, and risking an escalation into a trade war by sparking retaliatory counter-tariffs.


Devdiscourse News Desk | Updated: 29-01-2025 19:29 IST | Created: 29-01-2025 19:29 IST
Trump's Tariff Tango: A Global Trade Balancing Act
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U.S. President Donald Trump is once again stirring the global trade pot, proposing a series of tariffs that have left international trade partners and businesses on edge.

From broad, universal levies on imports to specific duties on countries like China, Mexico, and Canada, Trump's threats could drastically alter the trade landscape.

The proposed measures, which could escalate into a full-fledged trade war, cover key industries like semiconductors and automobiles, risking inflation and disrupting global supply chains.

(With inputs from agencies.)

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