Donald Trump's reciprocal tariffs disrupt decades-old global trade rules

Hindustan Times

Hindustan Times

Summary

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Treasury Secretary Scott Bessent defended President Trump’s recent decision to study the proposed reciprocal tariffs instead of immediately enacting them.
The Hill
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US President Donald Trump on Thursday signed a memorandum instructing his administration to devise a plan to raise US tariffs to align with the tax rates that other countries charge on imports, a move seen as increasing global economic tension and uncertainty.
China Daily
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However, investor sentiment has largely held up on hopes that many of the tariffs can be rowed back with negotiations, while Trump's announcement of plans to hold Ukraine peace talks with Russian counterpart Vladimir Putin has added some optimism.
International Business Times AU
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With less than a month in office, the president has pursued trade actions that could shatter the global trading system and dwarf the trade measures he took over his entire first term.
The New York Times

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