Trump's Global Tariff Shock

Published: 2025-04-04

President Donald Trump has announced sweeping new tariffs, sparking global economic concerns.

Starting April 5, the U.

S. will impose a 10% tariff on goods from most countries, with higher rates for nations like China, the EU, and Norway.

Trump argues this move will address America's trade deficits and boost domestic jobs.

However, experts warn it could lead to inflation, reduced global trade, and a potential economic downturn.

Financial markets have already reacted negatively, with significant stock market declines.

While Trump aims to pressure NATO allies and balance U.

S. finances, critics fear escalating trade wars and long-term economic harm.