Tariffs: What They Are, Why Countries Impose Them, and Who Pays the Price ? | TDG Explainer
03 Apr 2025
On April 2, 2025, US President Donald Trump imposed sweeping tariffs on major trading partners, heightening global trade tensions. China is now subject to a 34% tariff, the European Union to 20%, and India 26% under a "discounted reciprocal tariff." These affect industries like automobiles, dairy, steel, and electronics. Although...
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