Global trade enters 'retaliation week'; over 50 nations scramble for tariff talks

Global trade enters 'retaliation week'; over 50 nations scramble for tariff talks
Over 50 countries are now rushing to open trade talks with the United States after President Donald Trump’s sweeping tariff announcement last week. The new regime, which includes a 10 percent base tariff on all imports and targeted duties of up to 50%, has triggered a global scramble to seek exemptions or renegotiate trade terms.