US President Donald Trump has struck again in his trade war. On Thursday 13 February, he announced reciprocal tariffs applied to all his trading partners, which will have to act as a mirror to the different tariff rates applied by its trading partners, including developing countries. The new US measures would also target other non-customs ‘barriers’, such as VAT levied by the states, which Donald Trump sees as a double tax.
This is another step “in the wrong direction”, according...