U.S. Tariffs and Their Economic Consequences: A Global and Sri Lankan Perspective Over the past few years, U.S. trade policy has taken a dramatic turn and the effects are being felt across the globe. Under former President Donald Trump, the U.S. launched a wave of tariffs targeting steel, aluminum, and hundreds of billions worth of Chinese goods. While intended to protect American industries, these moves ended up disrupting global trade flows, sparking retaliations, and raising costs for businesses and consumers alike. Interestingly, President Joe Biden kept many of these tariffs in place. Though his administration has taken a more diplomatic and multilateral tone, the strategic focus remains: protecting U.S. industries like electric vehicles, semiconductors, and clean energy, and ensuring fair trade practices. But whether under Trump or Biden, the message is clear tariffs are now a permanent part of the global trade conversation. One of the biggest ripple effects of U.S. t...
Thoughts & Truths of a Growing Mind