President Donald Trump said Sunday that the tariffs he plans to impose in the coming days will apply to “all countries,” not just those with the largest trade imbalances with the United States.
President Donald Trump said Sunday that the tariffs he plans to impose in the coming days will apply to “all countries,” not just those with the largest trade imbalances with the United States.
It is a risky move and one that could collapse the global economy.
It's true that it's risky, but he's banking on it being a "high risk, high reward" move. Over time, we will see how it turns out.
If the tariffs are reciprocal, then that also works when the rate is reduced to 0.000%. Even if they stay high, they will be considered a success if the are less than what they were in 2024.