Reciprocal tariffs delay extends period of uncertainty and causes further instabilityDeveloping countries still most hit by tariffsDeep cuts in development aid and unpredictable trade sees a perfect storm brewingIt will create a dual shock for developing countries with tariffs and aid shrinkingTariffs will have an impact on the US economy in the long run
Just a bit of a general overview of the matter but there is credence to it. Trump is definitely hitting hard at countries that are unlikely to fight back as hard and his early letters here and here show that.
This article was written by Justin Low at www.forexlive.com.