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.

• 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.

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