
The Costs of America’s New Trade Strategy
At the heart of this policy is a 10% baseline tariff on imports from 185 countries, amplified by exponential penalties on selected geopolitical and economic adversaries. Chinese goods now face a total of 104% in tariffs, a staggering figure that underscores the combative mood in Washington. The European Union, India, Canada, and Mexico have also been targeted with tariffs ranging from 15% to 26%, sparking widespread retaliation and diplomatic fallout.
