Overview

• The U.S. has enacted a 10% universal import tariff, with additional targeted tariffs on countries with trade deficits set to begin April 9.
• Global stock markets have plunged, with indices like the DAX and Nikkei experiencing significant losses of up to 10% since the policy's implementation.
• President Trump has expressed willingness to negotiate tariff adjustments but demands substantial financial concessions from affected nations.
• The EU is preparing countermeasures, including potential retaliatory tariffs, while offering a proposal to mutually eliminate tariffs on industrial goods.
• China has responded with a 34% tariff on U.S. imports and restrictions on rare earth exports, exacerbating fears of a global trade war and recession.