Overview

• President Donald Trump announces tariffs of at least 10% on all imports, with higher rates of 20% for the EU and 34% for China, effective April 5.
• Global stock markets experience significant losses, with Germany's DAX dropping 2.5% and the US S&P 500 falling 3.4%.
• The EU prepares retaliatory measures, including potential tariffs on US goods and taxes on digital services, while seeking negotiations to avoid escalation.
• Germany's export-driven economy, particularly its automotive sector, faces severe challenges, with potential job losses and economic damage estimated at up to 200 billion euros.
• Analysts warn of inflation in the US and a potential global recession, comparing the situation to the Great Depression of the 1930s.