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>>Trump Tariffs Disrupt Global Trade: 15% Hurdle as President Tightens Economic Policy

Trump Tariffs Disrupt Global Trade: 15% Hurdle as President Tightens Economic Policy

crypthub

about 5 hours ago

Tariff Policy Overview

President Trump signed an executive order raising the U.S. baseline tariff from 10% to 15% on imports worth about $3.2 trillion from over 150 countries. The increase applies uniformly across sectors, marking the broadest U.S. trade barrier since the 2018‑2020 disputes. Implementation will be phased over 90 days, with essential medical goods eligible for temporary exemptions.

Market and Economic Impact

The announcement sent the Dow down 450 points and strengthened the dollar while emerging‑market currencies fell. Analysts forecast production cost hikes of 8‑12% for affected industries, pushing consumer prices up 2‑4%. Sector estimates show automotive costs rising 9.2%, electronics 11.5%, agriculture 7.8%, and steel/aluminum 12.3%.

Global Diplomatic Reaction

The EU, China, Japan, South Korea and ASEAN have expressed deep concern and are preparing counter‑measures, including possible WTO complaints. Several nations plan coordinated retaliatory tariffs on U.S. exports. The WTO scheduled special consultations to address the unprecedented blanket tariff.

Implementation and Legal Outlook

Phase 1 begins 30 days after the order, covering 40% of imports; Phase 2 follows at 60 days for 80%; full coverage starts on day 90. Legal challenges are expected over executive authority and WTO compliance. Congress may intervene, but any reversal would require bipartisan legislation and could face a presidential veto.