Tariff war: US average duty hits 20.1%, highest since 1910s; WTO & IMF warn of global trade rollback
The US average tariff rate has surged to 20.1%, marking its highest sustained level since the 1910s, driven by President Trump’s pursuit of “reciprocal” trade. This increase, particularly targeting Chinese goods, reverses decades of trade liberalization. Trump defends the tariffs, citing positive impacts on the stock market and national revenue, while warning against judicial reversals that could trigger economic collapse.🕒 1 min read
The US average tariff rate has surged to 20.1%, marking its highest sustained level since the 1910s, driven by President Trump’s pursuit of “reciprocal” trade. This increase, particularly targeting Chinese goods, reverses decades of trade liberalization. Trump defends the tariffs, citing positive impacts on the stock market and national revenue, while warning against judicial reversals that could trigger economic collapse.
Continue Reading
- What Happens To Your Body When You Eat Sugar For A Month
- Trump Says US Has Carried Out Strikes Against Venezuelan Drug Vessel
- Punjab Man Fires Gunshots At Birthday Party In Hotel, Case Filed: Cops
-
Opinion: Opinion | How Trump’s $100,000 Visa Bill Can Bleed Indian Tech Giants Dry
- IEA raises 2025 oil demand forecast slightly amid softer trade tensions and lower prices
- WCL 2025 Final: Pak vs SA live streaming – when and where to watch the match
- Hormuz chaos nears month 3: Oil prices climb as tightened supplies squeeze fuel reserves
- Mega Mumbai Crackdown Against App-Based Cabs Over Surge Pricing During Rain
- University Body Flags 22 Fake Universities; Degrees Declared Invalid, Delhi Tops List
-
IND vs SA | Gill’s T20I form a concern? GT head coach Nehra ‘not worried’
