Overview

• A universal 10% tariff on imports, implemented by Donald Trump on April 3, has triggered widespread economic and political fallout globally.
• Over 1,300 protests erupted across the U.S. and Europe, with millions expressing concerns over inflation, economic instability, and threats to democracy.
• China and the EU have announced retaliatory measures, including higher tariffs and export restrictions, escalating fears of a global trade war.
• Elon Musk, a key Trump advisor, broke ranks by advocating for a transatlantic free trade zone with zero tariffs during a public address.
• Economists and the Federal Reserve warn of increased inflation, slower growth, and a potential global recession, while Trump defends the tariffs as essential for economic revitalization.