Trump’s Tariffs Reshape Global Trade With Broad Economic Impact

President Donald Trump's aggressive tariff policies have significantly reshaped global trade, with U.S. tariffs rising to their highest levels since the Great Depression, targeting key sectors like semiconductors and pharmaceuticals with duties as high as 100% and 250%, respectively. These tariffs aim to compel domestic production and fund government programs but have sparked concerns about increased consumer costs, inflation, and disruption of global supply chains. While the U.S. trade deficit has narrowed and trading partners have largely refrained from retaliatory tariffs, critics warn that the long-term economic impact on American consumers and growth remains uncertain. The BRICS bloc has responded by strengthening economic and political cooperation, prompting Trump to threaten additional tariffs on countries aligning with BRICS policies, further intensifying geopolitical tensions. International leaders, including Singapore's Finance Minister, have cautioned that Trump's tariff war risks turning global trade into an 'arm-wrestling match,' potentially undermining the existing rules-based international trading system. India's reaction to increased tariffs underscores the diplomatic friction resulting from these policies, highlighting the broader global unease over the U.S. approach to trade.