Donald Trump's 'liberation day': What are reciprocal tariffs, and who pays them?
President Trump has announced new tariffs targeting imports such as automobiles, steel, and pharmaceuticals, claiming they will benefit domestic manufacturing. Economists warn these tariffs could harm the US economy and increase consumer costs. Reciprocal tariffs, intended to protect local industries, might provoke international retaliation and political fallout.
President Trump has announced new tariffs targeting imports such as automobiles, steel, and pharmaceuticals, claiming they will benefit domestic manufacturing. Economists warn these tariffs could harm the US economy and increase consumer costs. Reciprocal tariffs, intended to protect local industries, might provoke international retaliation and political fallout.
