Wednesday, March 05, 2025 | 12:12 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Donald Trump wanted a trade war. Here's what one looks like

The law hiked US tariffs by an average of 20 percent, initially to protect American farmers but then broadened as other industries lobbied for protections

Donald Trump
Premium

Donald Trump (Photo: AP/PTI)

Andrew Mayeda and Bryce Baschuk | Bloomberg
In a two-week span, US President Donald Trump ordered up an array of tariffs against numerous countries, blocked Chinese takeovers of US companies and sought new restrictions on future Chinese investment. Economists are warning that the world is on the verge of an all-out trade war, featuring tit-for-tat reprisals, heated rhetoric and appeals to the World Trade Organization, which may be ill-equipped to respond. If Trump’s trade provocations mushroom out of control, dozens of border-opening trade deals negotiated over several decades could be shoved aside. The prospect of slower economic growth has stock markets worldwide reeling.

1 What is a

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in