UK Business

Why has Trump launched so many tariffs and will it cause a recession? Expert Q&A

Written by Linda Yueh, Fellow in Economics/Adjunct Professor of Economics, University of Oxford

Donald Trump has always talked about how much he likes tariffs. And on April 2 2025, he showed that he meant it. For the president it was “liberation day”, but for his fellow world leaders it was a tense wait to see what percentage figure would be attached to their country’s vital exports.

Those tariff rates ranged from 10% for...

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