Trump’s Reciprocal Tariffs Wage Economic War on World; Market Keeps collapsing

Written by Daniel Mercado

Trump announced a 25% tariff on global imports of aluminum and steel on February 11th with it going into effect on March 12th. All throughout February, March, Trump threatened to increase tariffs on staple goods of the EU, China, Canada, and Mexico. In April 2nd, Trump announced “Liberation Day” instituting a broad 10% tariff rates on all countries, with China being initially slapped with 34% import taxes, while Vietnam was hit with a 46% import tax. Then on April 4th, China announces a 34% tax on the import of American goods.

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