The Reciprocal Retaliation Mechanism Is Counting Down, and the WTO System Faces a Collapse Crisis
US President Trump announced that a 25% import tariff will be imposed on steel and aluminum products from all countries. This policy will completely change the global trade rules and trigger violent fluctuations in the international commodity market. This article will deeply analyze the impact of the new tariff policy on global trade, supply chains and capital markets, and explore its possible chain reactions.