Business Today TV decodes the global trade firestorm ignited by President Donald Trump’s sweeping reciprocal tariffs announcement. Trump unveiled a 10 percent baseline tariff on all imports, with steeper rates for specific countries, including 34 percent for China. The move has sparked fears of a trade war, with markets worldwide convulsing and stock prices tumbling. Trump declared it ‘Liberation Day’ for US trade, while economists warn of potential global economic slowdown and increased living costs for American families.
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