Trump’s Global Tariffs Go Live: A “Tax on the World”

Source: Axios : Trump’s Global Tariffs

What’s happening?

• Former President Donald Trump, now back in office, has enacted blanket tariffs on imports from around 60 countries, with a baseline of 10%—and more on some nations like China and Mexico.
  
• Trump describes this as a “universal baseline tariff”, aimed at reviving American manufacturing and reducing dependence on foreign countries.
  
• These tariffs officially went into effect today.
  

Why he’s doing it:

• The administration claims these tariffs will:
  
  • Reinvigorate American industry
    
  • Bring back manufacturing jobs
    
  • Reduce trade deficits
    
• Trump argues this approach will boost the economy, asserting:
  “Foreign nations have long taken advantage of the U.S.—those days are over.”
  

 The backlash:

• Economists and business leaders warn this could lead to:
  
  • Rising inflation in the U.S.
    
  • Supply chain delays
    
  • Retaliatory tariffs from other countries
    
• Major corporations like Apple, Ford, and Walmart are bracing for cost increases that may be passed on to consumers (Trump’s Global Tariffs).
  

 Global reaction:

• The EU and Canada have already signaled they will respond with countermeasures.
  
• The World Trade Organization (WTO) has expressed “deep concern,” hinting this could be a violation of global trade norms.
  

Allies like Japan and South Korea are worried about being lumped in with adversarial states, complicating diplomatic relations.

Summary: Why You Should Care

These two developments aren’t isolated—they’re reshaping the global economic order. We’re seeing:

• A return to protectionism
  
• A potential fragmentation of global trade alliances
  
• Rising geopolitical tensions that could impact everything from your grocery bill to global inflation
  

If this keeps up, we might be heading into a new era of economic nationalism, with trade wars and inflation becoming the new normal.

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Read More : WTO Warns: Trump’s Tariffs to Shrink Global Trade in 2025