2025 Trade War Ignites:How Trump’s Tariffs are Reshaping Global Trade
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Trump’s Tariff Blitz Hits Nearly Every Country, Global Markets Plunge—As the U.S. Rewrites Economic Geography, Political Stability Begins to Falter.
By eEuropa.com
Brussels, 7 April 2025 – 2 MIN READING
Global markets are reeling as President Donald Trump‘s sweeping tariffs ignite an unprecedented trade war. By imposing reciprocal tariffs tailored individually for each country—including a staggering 34% on China, 20% on EU imports, and targeted duties affecting automobiles—the U.S. administration aims to correct long-standing economic imbalances. Trump’s dramatic moves, framed as necessary to defend American industries and national security, have plunged stock markets worldwide into turmoil, provoking severe losses across Asia and Europe.
China swiftly responded, imposing its own 34% tariffs and restricting rare earth minerals critical to U.S. industries, while the European Union warned of immediate retaliation affecting billions in American exports. Nations like Japan, Canada, Mexico, and Vietnam are scrambling to mitigate the damage, fearing long-term disruptions to global supply chains and economic stability.
Experts predict American households could face increased annual costs of $5,000 due to rising prices and potential layoffs, especially in the auto sector, which directly supports millions of jobs. With geopolitical tensions mounting and diplomatic relationships under stress, the global economic landscape faces significant uncertainty.
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