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Opinion | China must now save the global trading system, and be prepared to take extraordinary steps
Wednesday was "liberation day," so to speak.
US President Donald Trump has unveiled sweeping tariffs on the entire planet, going further and more extensively than anyone predicted. I genuinely thought the President would be somewhat lenient on allied states for strategic purposes, but nope, the slapping of 32% on Taiwan, 24% on Japan, 25% on Korea, 26% on India, and then massive tariffs on locations deemed alternative manufacturing hubs to China, such as Vietnam (46%), Cambodia (49%), Bangladesh (37%) has taken myself by complete surprise. He has been merciless and ruthless.
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