{"id":272577,"date":"2025-04-02T22:55:04","date_gmt":"2025-04-02T22:55:04","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/04\/02\/with-trumps-tariffs-the-chasm-between-allies-and-the-u-s-widens\/"},"modified":"2025-04-02T22:55:04","modified_gmt":"2025-04-02T22:55:04","slug":"with-trumps-tariffs-the-chasm-between-allies-and-the-u-s-widens","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/04\/02\/with-trumps-tariffs-the-chasm-between-allies-and-the-u-s-widens\/","title":{"rendered":"With Trump\u2019s Tariffs, the Chasm Between Allies and the U.S. Widens"},"content":{"rendered":"
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President Trump\u2019s announcement of sweeping tariffs on America\u2019s trading partners has widened the rift between the United States and some of its closest allies while reconfiguring the global economic order.<\/p>\n

Mr. Trump\u2019s plan, which he unveiled on Wednesday and is calling \u201creciprocal,\u201d would impose a wave of tariffs on dozens of countries. Among major economies most affected were the European Union, which will face 20 percent tariffs under the plan, and China, which will absorb an additional 34 percent on top of existing levies.<\/p>\n

\u201cThe scope and size of tariffs are both substantial and confirm the worst fears of the proponents of free trade,\u201d said Eswar Prasad, a professor at the Dyson School at Cornell University. \u201cTrump is setting off a new era of protectionism that will reverberate worldwide.\u201d<\/p>\n

Mexico and Canada, two of the United States\u2019 biggest trading partners, would not be subject to any new tariffs beyond the levies the president had previously announced, on imported vehicles, vehicle parts, steel, aluminum and any other goods not traded under the rules of the U.S.-Mexico-Canada Agreement.<\/p>\n<\/div>\n