Posts by category: Economy

President Trump announced a worldwide 10% tariff, effective April 2025, citing economic security and trade deficits. This sweeping move aims to tackle issues like VAT imbalances and counterfeit goods. Supporters highlight its potential to bolster domestic industry, while critics caution about possible price hikes and economic challenges.

President Trump's extensive tariffs for 2025 are causing significant market apprehension and economic warnings, projecting a notable GDP contraction and increased consumer costs. While the administration argues these measures will correct trade imbalances and bolster manufacturing, critics highlight risks of a recession and global trade fallout. There is also a political ripple as international leaders and domestic policymakers react.