The Harris Administration
Official
Trump's proposed blanket tariffs would risk a global trade war
Donald Trump has promised more tariffs, 60 percent against Chinese goods, 10 percent against products from the rest of the world.
Why 10 percent? Why all countries?
There is no other reasonable explanation than that Trump considers all trade to be “unfair” in some respect, or at least disadvantageous.
Trump plan is for increased tariffs on all products from all countries.
It is not America First; it is America Alone.
Additional tariffs are generally imposed very selectively, under trade remedy statutes crafted by Congress.
They are actions taken pursuant to a finding that a particular product is involved in a specified unfair trade act, or it may be that the new tariff is a surgical retaliatory measure to open a market for a specified American product.
Many uncertainties surround Trump’s proposals.
There is no reason to assume that US tariffs would not be met with additional foreign tariffs, as happened in 2018.