"The US president has injected new uncertainty into the global economy with a 15 percent tariff on all imports. US President Donald Trump has announced a 15 percent across-the-board tariff on all imports. The move comes just a day after he set tariffs at 10 percent, enraged by a Supreme Court ruling that struck down much of his tariff regime."
"Governments across the world, including those that already struck tariff deals with the United States, will be analysing the new policy. What will the implications be for them? And how is the global economy reacting to Trump's latest decision? Presenter: Tom McRae Guests: Deborah Elms head of trade policy, Hinrich Foundation Rebecca Christie senior fellow, Bruegel think tank Garima Kapoor deputy head of research, Elara Securities"
The US president announced a 15 percent across-the-board tariff on all imports, escalating protectionist measures. The announcement followed an earlier 10 percent tariff set a day before and came after a Supreme Court ruling that struck down much of the previous tariff regime. Governments worldwide, including those that had negotiated tariff deals with the United States, will analyze the policy for its effects on trade relationships and negotiated agreements. The policy raises prospects of higher import prices, supply-chain disruption, retaliatory measures, and increased market volatility. Investors and central banks are likely to reassess growth and inflation expectations.
Read at www.aljazeera.com
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