Subtitle:
Former U.S. President signals sweeping trade changes if re-elected
News Report:
Former U.S. President Donald Trump has indicated that global tariff rates could be set between 15% and 20% under his potential second term, signaling a tougher stance on international trade.
Speaking during a recent interview, Trump said the move would be aimed at protecting American industries and reducing dependence on foreign manufacturing. He also claimed that such tariffs would encourage domestic production and level the playing field for U.S. businesses.
While Trump did not specify which countries or products the tariffs would target, his comments have already sparked speculation among economists and trade partners about the potential global impact.
Analysts warn that such a sweeping tariff policy could lead to retaliatory measures from trading partners and possibly reignite trade tensions on a global scale.