U.S. President Donald Trump has unveiled a 10-percent baseline tariff on all imported goods, with higher rates for certain countries — 34 percent for China, 20 percent for the EU and 46 percent for Vietnam. Trump claims the move will boost domestic manufacturing and lower prices, but critics argue it could fuel inflation, raise costs for consumers and push the U.S. economy toward recession.
Copyright © 2020 CGTN. Beijing ICP prepared NO.16065310-3