The US president’s announcement has caused market chaos and threatens a trade war and US recession
Donald Trump’s announcement of a long slate of new tariffs on the US’s trading partners has caused chaos in global markets and threatens a global trade war and US recession.
Long trailed on his election campaign, Trump’s plans were even more sweeping than many had predicted: a baseline 10% tariff on all imports and higher tariffs for key trading partners, including China and the EU.
More Stories
Kenya tells tea factories to cut ties with Rainforest Alliance due to costs
Trump tariffs could wipe out European steel sector, senior industry figure says
The Trump-Musk feud shows danger of handing the keys of power to one person