Trump's tariffs have launched global trade wars. Here's a timeline of how we got here

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Trump's tariffs have launched global trade wars. Here's a timeline of how we got here - Channel News Asia

Quick Summary:

Trump announces a plan for “reciprocal” tariffs - promising to increase US tariffs to match the tax rates that other countries charge on imports “for purposes of fairness.” Economists warn that the reciprocal tariffs, set to overturn decades of trade policy, could create chaos for global businesses.

Among those steeper levies, Trump says the US will now charge a 34 per cent tax on imports from China, a 20 per cent tax on imports from the European Union, 25 per cent on South Korea, 24 per cent on Japan and 32 per cent on Taiwan.

Trump threatens 25 per cent tariffs on all Colombia imports and other retaliatory measures after President Gustavo Petro’s rejects two US military aircraft carrying migrants to the country, accusing Trump of not treating immigrants with dignity during deportation.