President Donald Trump's aggressive use of tariffs has upended global trade norms, with the U.S. imposing historic tariff hikes on key trading partners like Japan and the European Union.
While some deals have been struck to lower threatened tariffs, the overall environment remains volatile, with businesses and markets bracing for further disruptions. The strategy has led to shifting supply chains, increased economic uncertainty, and a realignment of diplomatic ties as countries scramble to negotiate exemptions or retaliate. Despite the economic burden on American consumers and exporters, Trump’s administration views tariffs as a powerful negotiating tool.
Experts warn that the long-term effects could include slower global growth, persistent uncertainty, and a lasting transformation of the world trading system.
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