Overview

• The US has implemented unprecedented tariffs, including a 104% tax on Chinese goods and a 20% tariff on EU imports, effective April 9, 2025.
• Global markets have reacted sharply, with significant declines in stock indices across Asia, Europe, and the US, reflecting fears of prolonged economic instability.
• The European Union is preparing a coordinated response, potentially targeting US products with new tariffs, as it seeks to counter the economic impact.
• China is expected to redirect exports to the European market, raising concerns about potential disruptions in key EU industries like green technology and healthcare.
• Criticism mounts over President Trump’s tariff methodology, which relies on trade balance calculations deemed arbitrary and economically unsound by experts.