The series of tariff measures announced by the US on April 2 continue to stir economic turbulence. US President Donald Trump hailed this day as "Liberation Day." However, with the rollout of tariffs exceeding expectations, international opinions have branded it as "Isolation Day," "Inflation Day," or "Recession Day."
Pascal Lamy, former director-general of the World Trade Organization (WTO), warned that the US administration's tariff policies are built on "completely mistaken" diagnosis of its domestic economy, which will backfire by fueling US inflation and pushing its interest rates higher.
It is set to contribute to millions of deaths each year.
'Risks are somewhat similar to that of a meteorite impact.'
As the US imposed hefty tariffs on China, American consumers who rely on “Made in China” products have felt the adverse effect of the tariffs – some have dragged empty suitcases across the Pacific Ocean to go on shopping sprees in China; others have found that certain daily products in the US have become “luxury” items they cannot afford.
Don't think we'll be inviting it home yet.
India has targeted Pakistani-controlled territory, killing at least 26 people including a child, in what Pakistan called an act of war.
Gmail users should take steps to add extra layers of security.
© OfficialAffairs
