
Trump’s Tariffs Set to Escalate Global Trade War
Former President Donald Trump's proposed tariffs are poised to intensify global trade tensions, with significant implications for international commerce. The new tariffs, set to be implemented in 2025, are expected to affect a wide range of products, from cars to cigarettes and ice cream, particularly targeting imports from the European Union (EU).
European nations have expressed readiness to retaliate, with France indicating that the EU is prepared to deploy all available tools in response to the U.S. trade policies. This escalation could deepen the existing trade war, impacting economies on both sides of the Atlantic. The EU's potential countermeasures are seen as a direct response to what they perceive as aggressive trade tactics by the U.S.
The move has sparked concerns among U.S. states with economies heavily reliant on European trade. The red states, in particular, are bracing for potential economic fallout as the tariffs could disrupt established trade flows and increase costs for consumers and businesses alike.
Related issues news
What tariffs did China have on the US?
April 2: Ministry of Commerce of China responded by imposing tariffs on 128 products it imports from America, including applying a 25% tariff to aluminium, airplanes, cars, pork, and soybeans, as well as applying a 15% tariff to fruit, nuts, and steel piping.
Does Ukraine have tariffs?
Ukraine imposes several duties and taxes on imported goods: customs/import tariffs, value-added tax (VAT), and excise duties.
What is Trump?
Donald John Trump (born June 14, 1946) is an American politician, media personality, and businessman who is the 47th president of the United States. A member of the Republican Party, he served as the 45th president from 2017 to 2021. Donald Trump. Official portrait, 2025. 45th & 47th President of the United States.
When did US tariffs start?
The Tariff Act of 1789 imposed the first national source of revenue for the newly formed United States. The new U.S. Constitution ratified in 1789, allowed only the federal government to levy uniform tariffs.