Hawksford Blog Hawksford Expert Q&A: Nik Zhukov on US tariffs and global trade impact

In early April, President Donald Trump unveiled a sweeping new set of import tariffs aimed at boosting manufacturing and protecting jobs in the United States (US). Rates ranged from a global baseline of 10% to higher rates for selected countries, including 104% for China. The announcement unsettled financial markets - causing stock market falls not seen since the financial crisis - and raised fears of prolonged economic uncertainty.