Weaponizing Trade: Implications of Trump’s Tariff Strategy on Global Trade and South Asia
On April 2, 2025, President Trump imposed a sweeping 10% tariff on all imports, citing unfair trade practices and invoking national emergency powers. Key partners like China, India, and Vietnam were called out for high tariffs on U.S. goods. Additional penalties target China (35%), the EU (25%), and Mexico and Canada (20%). The move has sparked global backlash, legal debate, and fears of a trade war. South Asian economies, especially India and Pakistan, face major export losses and rising economic strain.
