Trump’s Bold Trade Move 90-Day Global Tariffs & 124% on China What It Means
Former President Donald Trump has once again shaken the global trade landscape with a radical proposal: a universal 10% tariff on all imports for 90 days, coupled with a staggering 124% tariff on Chinese goods. If implemented, this policy could send shockwaves through the global economy, reignite trade wars, and reshape supply chains. But what’s behind this aggressive stance? And how would it impact consumers, businesses, and international relations? Let’s break it down. Why Is Trump Proposing These Tariffs? Trump has long been a proponent of America First trade policies, arguing that foreign competitors especially China have taken advantage of the U.S. for decades. His new proposal aims to: 1.Force Trade Negotiations The 90-day global tariff could pressure countries to renegotiate trade terms with the U.S. 2. Cripple China’s Economic Leverage A 124% tariff on Chinese imports would effectively block most...