Tariff Tsunami: How could Donald Trump's reciprocal tariff policy trigger world recession, hit US economy hard?

Credit: DNA- Published 1 week ago
While the US exports goods worth $3,191.6 billion, it imports products worth $4,110 billion, absorbing a trade deficit of $918.40 billion in 2024. It was 1975 when the US earned an overall trade surplus.

Video credit: Oneindia
Published 3 days ago -  03:32
China Slams US Tariffs as 'Economic Bullying,' Warns of Global Instability Amid Escalating Trade War
China has blasted the United States for imposing new 34% tariffs, calling the move "economic bullying" and a threat to global stability. Beijing warns that the escalating tariff war may disrupt supply chains, hike consumer prices, and even spark a global recession. In response, China will impose a matching 34% tariff on all US goods by April 10 and has filed a complaint with the WTO. As markets tumble worldwide, experts warn the ongoing tit-for-tat is more about politics than policy — and it’s dragging the global economy down with it. #USChinaTensions #TradeWar #TrumpTariffs #ChinaRetaliates #GlobalRecession #EconomicBullying#WTOComplaint #TariffBattle #BeijingResponds #Protectionism #GlobalTradeCrisis #TrumpChinaConflict#MarketCrash #ChinaUSTrade #GlobalMarketsFall #ConsumerPrices #TradeStandoff #LinJian #34PercentTariff #AmericaFirstPolicy ~GR.124~HT.408~

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