Source: International Business Times
US President Donald Trump has promised to unveil reciprocal tariffs on April 2, 2025 AFP The clock is ticking down to Donald Trump's "Liberation Day" when the US president has threatened to unleash a wide range of tariffs against countries running persistent trade imbalances with the United States. The move -- which comes as Trump has been making unprecedented use of presidential powers -- is driven by his insistence that the world's biggest economy has been "ripped off by every country in the world" and his conviction that reciprocal tariffs are needed to restore parity. But critics warn that the strategy risks a global trade war, provoking further retaliation by major trading partners like China, Canada and the European Union.
