Trump’s tariffs and other protectionist measures will likely pain American businesses and consumers,says Tufts professorTrade tensions between the United States and the rest of the world are escalating, as President Trump promotes tariffs that he says will protect American workers and industry. After imposing small-scale taxes on imported products such as dishwashers and solar panels and expanding to tariffs on aluminum and steel, or Trump is now threatening to levy stiff penalties on China.
As America’s protectionist measures have increased in recent months,so have retaliatory moves from other countries, which have responded with fees targeting U.
S. exports such as motorcycles and orange juice.
Source: tufts.edu