This chart explains why Trump backflipped on tariffs. The economic damage would have been huge
- Written by James Giesecke, Professor, Centre of Policy Studies and the Impact Project, Victoria University
The Trump administration has announced a 90-day pause on its plan to impose so-called “reciprocal” tariffs on nearly all US imports. But the pause does not extend to China, where import duties will rise to around 125%.
The move signals a partial retreat from what had been shaping up as a broad and aggressive trade war. For most...
