How Trump’s tariffs could hit developing economies – even those not involved in the trade war

By Selim Raihan, Professor of Economics, University of Dhaka
Kunal Sen, Professor and Director, World Institute for Development Economics Research (UNU-WIDER), United Nations University

The world has witnessed a resurgence of protectionism since Donald Trump returned to the White House. So-called “reciprocal” tariffs, imposed on all US trading partners at varying degrees based on the tax they charge on American goods, have been one of the hallmark features of Trump’s economic policy. They aim to correct what he perceives as “unfair” trade practices.

In early April, Trump said many countries had “ripped us off left and right” and declared “now it’s our turn to do the ripping”. His administration…

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