US starts collecting Trump's new 10% tariff, smashing global trade norms

Deccan Herald

Summary

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A bipartisan consensus on how to compete with China that took shape in President Trump's first term has exploded at the start of his second.
Axios
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U.S. President Donald Trump doubled down on April 5 on sweeping tariffs he unleashed on countries around the world, warning Americans of pain ahead, but promising historic investment and prosperity.
Hürriyet Daily News
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The measure also aims to raise the federal government's debt ceiling by $5 trillion, a move Congress has to make by summer or risk defaulting on $36.6 trillion in debt.
The Gazette
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On geopolitical realism, Trump is merely correcting a trade imbalance wherein the US consumed more products from other countries while losing its competitive advantage to manufacture and export cars, electronics, steel and even computer hardware.
The Manila Times

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updated 88:88

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