Trump’s tariffs: 7 things you need to know about the ‘why’ and ‘what now’ | Business Matters

U.S. President Donald Trump threw the whole world into a tizzy last week when he announced import tariff plans that will affect most, if not all countries. Some called it fair to America, but some termed it catastrophic to both the U.S. and the rest of the world. One U.S. media outlet said Mr. Trump had, in one afternoon undone a century’s worth of globalisation. What exactly can happen now? How dire is the economic situation for the world?

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