The United States has officially enacted sweeping new tariffs today, marking a historic turning point in global trade policy. The decision, spearheaded by the Trump administration, signals a departure from decades of global economic integration and ushers in a new era of protectionism driven by power rather than partnership. The Broadest Tariff Expansion in Decades Effective from August 7, the US has implemented increased tariffs on imports from over 90 countries, in what is being described as the most extensive trade offensive since the 1930s. These duties cover a wide range of goods - from automobiles and electronics to clothing, food, and high-tech products. In some cases, tariffs reach up to 50%, including on goods from Brazil and India. Southeast Asian nations like Laos and Myanmar face tariffs of up to 40%. Even key US allies such as the European Union, Japan, and South Korea are now subject to 15% tariffs on most of their...