President Donald Trump’s decision to slap a 10% tariff on most goods imported to the United States, as well as higher duties on dozens of countries from rivals to allies, has intensified a global trade war that threatens to stoke inflation and stall growth. The sweeping duties announced against the serene backdrop of the White House Rose Garden on Wednesday immediately unleashed turbulence across world markets and drew condemnation from other leaders now faced with the end of decades of trade liberalization that have shaped the global order.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

At least 2,000 people trapped under rubble in Gaza

At least 2,000 people remain buried under the rubble in Gaza and…

Nepali climber reaches summit of Everest for record 30th time

Nepali climber Kami Rita Sherpa broke his own record Wednesday as the…

US judge rules 9/11 victims cannot seize Afghan funds

The families of victims of the September 11, 2011, terror attacks cannot…

Arab foreign ministers to meet Blinken in Cairo

The foreign ministers of Egypt, Saudi Arabia, Qatar and Jordan, as well…