Back To Square One: Trump Tariffs Add Fresh Uncertainty To Global Trade, Says Neelkanth Mishra

Reacting to President Donald Trump’s new round of global tariffs, economist Neelkanth Mishra said the move has pushed global trade discussions back to “square one,” reintroducing uncertainty for markets and businesses. Mishra noted that tariffs are likely to be renegotiated once again, advising stakeholders to assume an effective tariff rate of around 15 percent for now. He added that future clarity will depend on how US courts rule on the tariff framework. The comments highlight renewed volatility in global trade dynamics and the challenges facing economies amid shifting US trade policy.