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President Trump’s New Tariffs Spark Global Economic Concerns

President Trump’s New Tariffs Spark Global Economic Concerns

by | Apr 5, 2025 | Nation | 0 comments

On April 5, 2025, the United States began enforcing a universal 10% tariff on most imported goods, as part of President Donald Trump’s initiative to address trade imbalances and bolster domestic industries. This move marks a significant shift in American trade policy and has prompted widespread apprehension among international leaders and economists. The tariffs are set to escalate further on April 9, with rates ranging from 11% to 50% targeting imports from 57 countries, including key allies such as the United Kingdom, Japan, and the entire European Union. Critics warn that these measures could lead to increased consumer prices, disrupted supply chains, and potential retaliatory actions from affected nations, raising the specter of a global trade war.

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