Trump's Tariff Plan Escalates Global Trade Tensions

The U.S. will implement sweeping import tariffs starting April 5, sparking international backlash and market instability.

Donald Trump announced new tariffs, including a 10% minimum on all imports and higher rates targeting specific countries, such as 20% for the EU and 34% for China.
The tariffs will be phased in, with the 10% minimum starting April 5 and higher rates for specific countries taking effect on April 9.
Global markets have reacted sharply, with stock declines, rising gold prices, and fears of broader economic disruptions.
The European Union, China, and other nations have condemned the tariffs and are preparing retaliatory measures, with the EU emphasizing openness to negotiation but signaling readiness to respond.
Critics warn that the tariffs could harm U.S. consumers through higher prices and risk triggering a global economic slowdown.