ECONOMIST Trevor Hambayi says the imposed universal 10 per cent tariff on all imports into the US will create a trade war and reduce the volume of trade on the global market. On Wednesday, US president Donald Trump imposed a universal 10 per cent tariff on all imports into the US, with rates going even higher for 60 countries deemed the “worst offenders,” according to White House officials. One of the highest tariff rates of 49 per cent will be levied on all Cambodian imports, according to a poster Trump displayed at a Rose Garden event on Wednesday. Among the other newly announced reciprocal tariff rates are 46 per cent for Vietnam, 34 per cent for China and 20 per...