Global Disruptions

US President Donald J. Trump has made headlines as his administration has hiked up tariffs for numerous nations. On April 2, Trump announced a universal baseline tariff of 10 per cent on almost all imports that enter the United States. Later, he also announced a higher and individualised tariff to be imposed on countries with large trade surpluses with the US and those with higher duties on American imports. However, as of writing this, the US has then said that it will put a pause on tariffs (while maintaining the 10 per cent baseline tariffs) for up to 90 days for nations excluding China.