Investors worldwide are in a flurry as the U.S. government prepares to impose hundreds of billions of dollars in tariffs on Canada, Mexico, and China. Coined as 'Liberation Day' by the White House and slated for April 2nd, these drastic measures have generated apprehension across the globe, sending consumer and investor sentiment to record lows as fears of rising inflation and decreasing profits linger. Concurrently, an emerging coalition known as the CRINKs-a group comprising Russia, China, Iran, and North Korea-has been aggressively pursuing mutual business interests, surprisingly independent of the dollar. As the US dollar continues to weaken amid the rise of protectionism, this article delves into the potential repercussions for the U.S. economy in this unprecedented era of trade relations.
Unexpected Economic Changes Spark Controversy in International Trade
Critics and supporters clash over the implications of new tariffs and a rising global coalition.
