'Tariffs demeaning for a great power like US': Milton Friedman's old video surfaces online

President Donald Trump has reignited a global trade war with new tariffs on US imports. Beginning April 5, all imports will carry a 10% tariff, with higher rates to follow. China retaliates with a 34% tariff on American goods. Critics warn of price hikes and global repercussions, while economists like Milton Friedman had argued against such protectionist measures.

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