Donald Trump Escalates Global Trade Tensions with Reciprocal Tariff Plan

The U.S. president's proposed tariffs challenge WTO rules, targeting global trade partners and raising concerns over economic repercussions.

Donald Trump announced plans to implement 'reciprocal tariffs,' aiming to match tariffs imposed by other nations on U.S. goods.
The proposed tariffs face criticism for potentially violating WTO rules and harming vulnerable economies, particularly in developing nations.
The European Union and the United Kingdom are assessing the potential impact, with the UK opting for a cautious negotiation-focused approach to avoid retaliatory measures.
Trump has also threatened 100% tariffs on BRICS nations if they pursue a common currency, intensifying trade tensions with the bloc.
Economic experts warn that these tariffs could increase costs for American consumers and contribute to global economic uncertainty and recessionary effects.