US tariffs risk global markets

US President Donald Trump is tilting at windmills. Like it or not, his unexpected decision to hike US tariffs on imports is likely to be economically damaging in the long run. No one doubts that such a large US tariff increase is the biggest disruption in recent memory, given the pervasive uncertainties, persistent inflation, and lingering geopolitical crises in the global economy today.

- BILLY CORTEZ

Be that as it may, the sudden imposition of Trump's tariffs definitely requires a more strategic and well-rounded approach, involving the study of pertinent economic analyses and close attention to important turning points to ensure the effective implementation of these new tariff plans. This approach will help corporate leaders navigate the economic landscape and thereby position their companies for more sustainable future growth. Even in economics, one can't be wrong too many times in a row.

Many are concerned that Trump's tariff was rushed through without proper study and scrutiny. Many countries are now seriously asking the USA for clearer direction, while others may simply plan to introduce reciprocal tariffs.