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trump tariffs escalate global trade tensions and provoke international backlash

President Trump has imposed a 10% tariff on most imports, escalating a global trade war that could lead to inflation and economic slowdown. China faces a 34% tariff, while the EU and Japan are hit with 24% and 20% tariffs, respectively, prompting threats of countermeasures. Critics warn these tariffs could significantly impact American families and the global economy.
gulfbusiness.com
Canadian Dollar Euro Mexican Peso Japanese Yen United States Dollar Nikkei 225 JPN USA CHN Donald Trump Stephen Miran Scott Bessent Gregory Meeks Ursula von der Leyen Show more
Finance & Economy, News Article
08:25 03.04.2025

trump imposes sweeping tariffs escalating global trade tensions and market instability

President Trump has announced sweeping tariffs, including a 10% minimum on most imports and significantly higher rates on goods from various countries, escalating a global trade war that threatens economic growth and inflation. The tariffs, which include a 54% levy on Chinese imports, have drawn criticism from allies and could lead to retaliatory measures, further impacting global markets. Economists warn that these policies may slow the economy and increase living costs for American families.
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Euro Chinese Yuan Japanese Yen United States Dollar Fitch Ratings Inc. Apple Inc. JPN MEX CHN USA ITA CAN Donald Trump Stephen Miran Scott Bessent Gregory Meeks Giorgia Meloni Show more
Politics & Governance, News Article
05:06 03.04.2025
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