The president has been announcing tariffs for months, but economists see his latest moves as opening salvos in potentially drawn-out tit-for-tats with dozens of countries and countless repercussions.

Summary

Trump’s latest sweeping tariffs mark the start of a broader trade war, with economists warning of prolonged global disruption.

The reciprocal tariffs—ranging from 10% to 54%—affect dozens of countries and could trigger widespread retaliation. Analysts fear stagflation and recession, citing the highest tariff levels since 1910.

The White House dismissed negotiation, calling it a “national emergency.” Business leaders call the rollout chaotic, and consumers face higher prices across essentials.

Economists say the trade conflict is open-ended and riskier than Trump’s first-term policies, with unclear consequences and few diplomatic off-ramps.