How Trump's tariffs could impact the global economy

United States President Donald Trump's new global tariffs are “considerably more dramatic, considerably more consequential” than anything he suggested during his campaign, Edward Alden, senior fellow at the Council on Foreign Relations, tells CNA's Asia First, adding that the move is "really a declaration of economic war on the whole world". The universal baseline levy is 10 per cent. Additional reciprocal tariffs will apply to trading partners that the US deems it has significant deficits with.

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