Recently, United States President Donald Trump has threatened to impose tariffs on cars as soon as April 2 and intends to implement a 25% tariff on all imported steel and aluminum starting March 12. Additionally, he has directed his economic team to devise a "reciprocal tariff" scheme for countries that levy taxes on American goods. Trump asserts that these measures aim to foster a fair overseas competitive landscape for American products and rejuvenate the nation's manufacturing sector. Nonetheless, this decision has sown uncertainty among businesses, irked American allies, and heightened the fears of consumers and economists regarding rising inflation.
