Overview

• President Trump introduced a 10% baseline tariff on all imports, with higher country-specific rates such as 34% on Chinese goods and 20% on European Union goods, effective this week.
• A 25% tariff on imported vehicles has already taken effect, leading to rising prices and consumer concerns in the U.S. auto market.
• Global stock markets have plummeted, with major indices in the U.S., Europe, and Asia experiencing significant declines as fears of a global recession grow.
• Countries like China and the EU have condemned the tariffs and are preparing retaliatory measures, while others, including Japan, are seeking negotiations to avoid escalation.
• Economic analysts warn that the tariffs could raise consumer costs, disrupt supply chains, and undermine trust in the U.S. as a stable trade partner.