If every country in the world responds with counter tariffs, it will make American products 25% more expensive.
The US makes up around 15% of global GDP, so excluding it would be damaging to the world economy—but there are not many other options.
If every country in the world responds with counter tariffs, it will make American products 25% more expensive.
The US makes up around 15% of global GDP, so excluding it would be damaging to the world economy—but there are not many other options.
There is already tarrifs on American goods...this is to counter that.