Trump’s reciprocal tariffs are ‘ripping up trade’ after decades of precedent. Here’s how tariffs got so lopsided in the first place
President Donald Trump is taking a blowtorch to the rules that have governed world trade for decades. The “reciprocal’’ tariffs that he is expected to announce Wednesday are likely to create chaos for global businesses and conflict with America’s allies and adversaries alike. Since the 1960s, tariffs — or import taxes — have emerged from negotiations between dozens of … Read more
