TOI explainer: The math behind Donald Trump’s 104% tariffs on China
Donald Trump's new "reciprocal" tariffs, now at 104% on Chinese goods, have triggered a global trade war, disrupting markets and sparking recession fears. This layered tariff approach, starting with duties related to fentanyl and escalating with retaliatory measures, has sent stock markets plummeting and is expected to raise consumer prices.
Donald Trump's new "reciprocal" tariffs, now at 104% on Chinese goods, have triggered a global trade war, disrupting markets and sparking recession fears. This layered tariff approach, starting with duties related to fentanyl and escalating with retaliatory measures, has sent stock markets plummeting and is expected to raise consumer prices.
