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Trump announces new tariffs prompting global trade tensions and potential negotiations

President Trump has announced new tariffs, including a 10% increase on all countries and specific measures against key trading partners like China and the EU, prompting threats of retaliation and negotiations. Analysts predict economic slowdowns and potential escalation, with the EU preparing countermeasures and the U.S. effective tariff rate expected to rise significantly. The situation remains fluid, with the possibility of further tariff increases if retaliatory actions occur.
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Euro United States Dollar The Goldman Sachs Group, Inc. Deutsche Bank Money Market PP IND GBR JPN CHN USA Scott Bessent Donald Trump Ursula von der Leyen Mark Haefele Jim Reidy Eleanor Pringle Keir Starmer Filippo Taddei Show more
Politics & Governance, News Article
15:44 03.04.2025

global trade tensions escalate as trump announces new tariffs and retaliation plans

Trump's recent tariff announcements have sparked global reactions, with the EU and China expressing strong dissatisfaction and preparing countermeasures. Analysts predict that while some tariffs may eventually decrease, the immediate impact could lead to economic slowdowns in the U.S., with effective tariff rates potentially rising significantly. The EU is expected to retaliate strategically, particularly targeting U.S. services, as tensions escalate in this trade conflict.
Fortune
Euro United States Dollar The Goldman Sachs Group, Inc. Deutsche Bank Money Market PP MEX CAN GBR CHN USA Scott Bessent Donald Trump Keir Starmer Filippo Taddei Ursula von der Leyen Mark Haefele Jim Reidy Show more
Finance & Economy, News Article
12:30 03.04.2025
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