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Trump's tariffs pile stress on ailing world economy
Sunday Tribune
|April 06, 2025
JAPAN and Taiwan promised billions in investment. Britain offered an invitation from the King.
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In the end, even US allies failed to dissuade President Donald Trump from hitting them with tariffs, which threaten to remake not just the global economy but the foundations of US foreign policy.
Trump, seeing himself as a master deal maker, believes he can gain leverage when effectively “you take reports hostage, and you start negotiating the price of their release.”
That's not quite how America does business, sometimes. It will do business this way with our adversaries, she said. “It is very rarely how we do business with our allies.”
Increased global trade tariffs will hurt the most vulnerable and poor countries, the UN's trade and development agency said on Friday, after Trump's measures sparked global alarm.
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