 "Despite warnings of a meltdown, Trump's policies have barely dented global growth forecasts")
Since April 2 — the day President Donald Trump declared as “Liberation Day” — we have been told that the world economy is headed for a massive setback and markets for a meltdown.
Mr Trump announced reciprocal tariffs on some 180 countries and territories. On April 9, he declared a 90-day pause on these tariffs for all countries except China. Since then, he has raised tariffs on Chinese imports to 145 per cent. The Chinese have retaliated with a 125 per cent tariff on imports from the US.
President Trump is confident that tariffs with all countries, including China, will
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