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Trump Escalates Trade War With New Tariffs and Global Backlash

The U.S. imposes sweeping 25% tariffs on steel and aluminum imports, prompting retaliatory measures from global trade partners.

Wall Street: la bourse de New York s'est repliée
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Wall Street: la bourse de New York s'est repliée
Donald Trump, élu sur la promesse de terrasser l’inflation, maintient ses mesures les plus inflationnistes.

Overview

  • The United States has implemented 25% tariffs on steel and aluminum imports, with no exemptions, aiming to protect domestic industries.
  • China, the European Union, and other nations have announced retaliatory tariffs, criticizing the U.S. for violating World Trade Organization rules.
  • The European Union plans to impose tariffs on American goods, including bourbon and motorcycles, starting April 1, while China promises further countermeasures.
  • Global markets, including Wall Street, have reacted negatively to the escalating trade tensions, raising fears of a potential recession in the U.S.
  • Canada faces additional strain as new residency rules for Canadians staying in the U.S. over 30 days are set to take effect on April 11, coinciding with tariff-related disputes.