Sweeping tariffs threaten ‘Factory Asia’
- Donald Trump escalated a trade war, imposing tariffs on various countries and products.
- Trump aimed to compel companies to keep or establish factories in the U.S. Through tariffs.
- The White House stated that U.S. Trade deficits would factor into tariff decisions.
- Tariffs of 25% on auto imports and parts are due to take effect on Thursday.
- Uncertainty around reciprocal tariffs may cause many to await further developments.
34 Articles
34 Articles
Trump’s tariffs take aim at China and Asia’s rising economies
By Simone McCarthy, CNN Hong Kong (CNN) — President Donald Trump imposed 54% tariffs on all Chinese imports into the United States Wednesday as part of his sweeping “Liberation Day” reset of American trade global policy. The tariffs on China, the second top importer to the US behind Mexico, are poised to push a major reset of relations and escalate a trade war between the world’s two largest economies. China has repeatedly vowed to continue to r…
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