- As the U.S. imposes tariffs on trading partners around the world, retaliation may not only come in the form of tit-for-tat duties. Other countries could reduce their reliance on the U.S. dollar or respond in the Treasury market, a former OMB director said.
President Donald Trump has laid out aggressive plans to impose tariffs, but the response from US trading partners may not only come in form of retaliatory duties.
