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Trump’s Tariff Strategy Faces Criticism Over Economic Risks

Experts warn that Donald Trump's tariff policies could harm the U.S. economy and strain international relations as retaliatory measures escalate.

  • Donald Trump’s administration has imposed significant tariffs, including a 25% levy on steel and aluminum imports from the EU, with more tariffs anticipated.
  • The tariffs aim to pressure foreign governments on political and economic issues, but they have also been positioned as a revenue source for the U.S.
  • Critics argue that the tariffs are driving inflation, destabilizing financial markets, and reducing the competitiveness of U.S. exports due to retaliatory measures from affected countries.
  • While some sectors, such as U.S. steelworkers, might benefit, the broader economic impact is expected to harm industries reliant on global supply chains and consumers facing higher prices.
  • The EU has responded with strategic countermeasures, emphasizing unity and readiness for negotiation while cautioning against further escalation.
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