Trump tariff policies with 10-145% rates threaten global trade, risking slower growth.
Trump’s second term has seen a 10% baseline tariff on all US imports, with Chinese goods facing a 145% rate amid escalating tit-for-tat hikes.
His erratic approach—imposing, lifting, and reinstating tariffs—creates uncertainty, risking slower global growth.
The EU’s offer for mutual tariff elimination was rejected, and even allies like Singapore face tariffs despite zero barriers.
This violates WTO rules, prompting calls for a new Minus US Trade Organization (MUTO) to counter US dominance and restore trade stability.
Read More at Project Syndicate
