Trump's Election Sparks Concerns of Global Trade Tensions

The return of Donald Trump to the White House raises fears of increased tariffs and economic disruption, particularly impacting Europe and key industries.

• Donald Trump plans to implement a 10% general surtax on all global imports, with higher tariffs on Chinese goods, posing significant risks to international trade.
• European leaders are meeting in Budapest to strategize on maintaining economic competitiveness amid potential U.S. trade policy shifts.
• Key French industries, including luxury goods, wines, and aerospace, face potential losses due to increased U.S. tariffs, threatening their export markets.
• The proposed tariffs could exacerbate social and economic issues in the U.S., potentially leading to job losses and increased consumer prices.
• China warns against the escalation of trade wars, emphasizing that such conflicts could be detrimental to global economic stability.

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