Trump signs new tariff executive order, experts warn 'may just be the beginning'

According to Golden Finance, US President Trump signed an executive order on Thursday local time to adjust equivalent tariffs for dozens of countries. Experts warn that more tariff hikes may be imminent. Wendy Cutler, former Deputy Trade Representative of the United States and Senior Vice President of the Asia Pacific Policy Institute, pointed out that "what is particularly concerning is that trading partners will face continued uncertainty - both dealing with new industry tariffs and being wary of additional tariffs that may be imposed if the US government determines that the relevant countries are not implementing the agreement in good faith." Cutler emphasized, "There is no doubt that this executive order, along with the relevant agreements reached in the past few months, completely tears up the international trade rules manual formed after World War II. Without the participation of the United States, it is still unknown whether our partners can maintain this system Don't think this is the end... there will almost certainly be more agreements and higher tariffs coming one after another