How would the United States new tariffs for imports affect global business?

[Min George]

The rise of cross border businesses has enabled people to do business not just within their base countries but in other countries. These businesses import their products to other countries.

Recently, the United States, one of the biggest partners in international business for many countries imposed tariff of different levels on imports into the United States. The rate is dependent on country.

How would this new development affect businesses globally?

 

[eLdavis]

I believe this would cause a major price increase in evey goods and services. Most people might want to boycott it.

 

[Trush Jodie]

More countries would form trade relationships and boycott the United States. It is an opportunity for other countries to form trade alliances.

 

[Augusta]

The latest US tariffs place will place strain on the global trade system, carrying the potential for long-term disruption and structural shifts in international trade.