Trump’s baseline 10% tariff on all imports from many countries has begun, with higher levies on 57 trading partners to start next week
‘It could’ve been much worse’: how UK avoided a bigger blow from Trump tariffs
“This is the single biggest trade action of our lifetime,” said Kelly Ann Shaw, a trade lawyer at Hogan Lovells and former White House trade adviser during Donald Trump’s first term.
According to Reuters, Shaw told a Brookings Institution event on Thursday that she expected the tariffs to evolve over time as countries sought to negotiate lower rates. “But this is huge. This is a pretty seismic and significant shift in the way that we trade with every country on Earth.”
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