The global financial markets are reeling after Donald Trump’s announcement of new trade tariffs that have sent shockwaves across Europe. The US President has imposed a baseline tariff of ten percent on all imports, with even higher levies for countries that have trade surpluses with the US.
The European Union is particularly hard hit by these new tariffs, facing a 20 percent levy on imports. This comes on top of the existing 25 percent tariff on all foreign-made cars. Meanwhile, China is facing a 34 percent tariff, India 26 percent, and Japan 24 percent.
These sweeping new measures have unnerved investors, causing financial markets to plummet and the dollar to tumble. The uncertainty surrounding global trade relations has led to a sense of unease among businesses and consumers alike.
As the repercussions of Trump’s tariffs continue to ripple through the markets, it remains to be seen how different countries will respond and how this will ultimately impact the global economy.
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Video “How Trump tariffs hit European markets | DW News” was uploaded on 04/04/2025 to Youtube Channel DW News