#CNA Trump slaps tariffs on the world as payback for ‘unfair trade practices’

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Trump slaps tariffs on the world as payback for ‘unfair trade practices’
The world reeling is from US President Donald Trump’s tariff blitz. He has vowed payback for years of what he called "unfair trade practices". A baseline levy of 10% on all imports has been announced, while higher reciprocal rates will apply to countries that have a significant trade deficit with the US. China now faces a reciprocal rate of 34%, on top of an existing 20% tariff. Allies such as the European Union, Japan and India have also faced a rude awakening. Olivia Siong reports from Beijing, Ross Cullen reports from Brussels and Neha Poonia reports from New Delhi.

from CNA

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