India, Feb. 8 -- Trump's tariff strategy may trigger global trade wars, harming US reputation and causing widespread economic damage

LONDON: "Tariff", Donald Trump repeatedly said throughout his 2024 campaign, "is the most beautiful word in the dictionary. I love tariffs. I think they're gonna make us rich." True to his word, within hours of returning to the Oval Office Trump signed into effect tariffs of 25 percent on all imports from Canada and Mexico, as well as an extra 10 percent on products from China. The immediate reaction was predictable. Canada threatened to apply 25 percent tariffs on $155 billion of American goods, from orange juice to appliances to car parts and threatened non-tariff measures relating to energy and procureme...