launching a massive tariff war
The US President Donald Trump has created mayhem by his unconventional decisions and launching a massive tariff war, thereby disrupting the world trading system. There are serious questions if such an approach and policy shall help him in his Make American Great Again (MAGA) initiative. In all probability, contrary would be the case Asia has emerged a major target of Trump’s tariff as he sent letters to 14 countries in Asia, including US allies, informing them higher import tariffs will come into effect on 1 August unless they reach a deal with the US. Key US allies Japan and South Korea would be hit with 25 per cent tariffs. Other countries including Indonesia, Bangladesh, Thailand, South Africa and Malaysia were slapped duties from 25 per cent to 40 per cent. สล็อต เว็บตรง