Donald Trump triggers prospect of global trade war over ‘reciprocal’ tariff plan – increasing risk of tensions and inflation

The US president has promised to target countries which charge tax on US imports by matching them with a reciprocal tariff. Donald Trump has ordered his team to start calculating duties by early April – increasing fears of a global trade war that could also accelerate US inflation. “On trade, I have decided for purposes of fairness, that I will charge a reciprocal tariff, meaning whatever countries charge the United States of America, we will charge them. No more, no less,” he posted on Truth Social. Please use Chrome browser for a more accessible video player 2:45 What is America’s…