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Global Trade Tensions Escalate as Trump's Tariffs Take Effect

The U.S. imposes a 25% tariff on imported cars, with broader measures targeting the EU and China set to follow; international backlash intensifies.

  • The United States has enacted a 25% tariff on imported cars, with additional tariffs of 10% on all imports and higher rates for the EU (20%) and China (34%) set to roll out in the coming days.
  • China has announced retaliatory tariffs on U.S. goods and filed a complaint with the WTO, while also implementing export controls on rare earth elements critical to U.S. industries.
  • The European Union remains open to negotiations but is finalizing countermeasures, including targeting U.S. digital services, in response to the tariffs.
  • Global stock markets have experienced sharp declines, with fears of inflation and recession growing as economic uncertainty mounts.
  • The U.S. Senate has symbolically opposed the tariffs, highlighting bipartisan concerns over their potential impact on American consumers and businesses.
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