What Trump's tariffs for the global economy and it mean

Since the re -entry into the office, President Trump has imposed a number of tariffs to re -wire the global economy.

On Friday at 12:01 p.m. Eastern time and an exception that made it possible for many relatively inexpensive goods from China to get into the country -free duty. It was the youngest in a wave of actions that aimed at the country, which caused many Chinese imports that enter the United States, at least one tariff of 145 percent-in essential one tax corresponds to the cost of the product itself.

China has announced its own retaliation measures that increase tariffs for many American exports. The result was an escalating trade war between the two largest economies in the world that harms the global economy.

Both sides have offered concessions, and Mr. Trump has some of the more aggressive measures he had announced. But the resulting uncertainty about where the dispute leads caused turbulence. The markets violently swung, economists warned of the risk of recession, and the trust of consumers and the approval rate of Mr. Trump have fallen.

What is the latest?

On Friday, a gap, which was known as the DE -Minimis exemption, which made it possible for products worth less than 800 US dollars from China Duty Free.