Impending Global Trade Turmoil: Trump’s Tariff Strategy

President Donald Trump is preparing to announce significant trade barriers, with plans for 20% tariffs on most goods imported to the United States. This move, as reported by the Washington Post, has businesses and investors worried about a growing global trade war. The tariffs are set to begin on April 2 as a ‘Liberation Day,’ targeting countries that impose duties on U.S. goods, with a 25% tariff on auto imports starting April 3. Details regarding the scope and target of the new tariffs remain unclear, though the administration considers raising duties by about 20% on products from nearly every country….