United States: Trump imposes his taxes, economists sound the alarm

 The American president is now imposing a minimum tariff of 10% on all imports, with higher rates for certain countries. A policy he presents as protective of the American economy… but one that is causing teeth to gnash.

Economists around the world are denouncing the decision as risky and counterproductive. According to them, the tariffs will lead to higher prices for both foreign and domestic products. As a result, American consumers themselves will pay the price.

Some experts, such as Kenyan Dennis Munene, go even further: in his view, Trump is isolating the United States, and this strategy could have a boomerang effect in the long term. Indonesia, China and Ethiopia have issued similar warnings, denouncing a policy that runs counter to the rules of international trade.

One thing is certain: the trade war is intensifying. And no one, neither in the United States nor elsewhere, seems immune.

source: Le monde