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Trump's Proposed Tariffs Threaten Global Economic Stability

The potential re-election of Donald Trump raises concerns over a global trade war, with significant implications for economies worldwide.

  • Trump plans to impose tariffs of 10-20% on all imports and 60% on Chinese goods, aiming to boost U.S. manufacturing.
  • The Monetary Fund warns that a global trade war could shrink world GDP by up to 7%, equivalent to the economies of France and Germany combined.
  • Germany, heavily reliant on exports, could see a severe economic downturn, with potential GDP declines of up to 1.5% by 2028.
  • Economists express concerns that increased tariffs could lead to higher inflation and disrupt global supply chains.
  • Trump's tariff proposals face criticism for potentially violating existing trade agreements and sparking retaliatory measures from U.S. trading partners.
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