President Trump is standing firm in his “trade war” policy, despite the tumbling stock markets and fierce reactions from multiple countries. The United States has imposed tariffs on imports from Canada and Mexico, leading to retaliation from Canada in the form of duties on American imports. In response, Trump has threatened to impose even more tariffs on Canada.
Additionally, new duties on Chinese imports are being implemented, further escalating the trade tensions between countries. The global stock markets have reacted negatively to these developments, with fears growing about the impact of a prolonged trade war.
The announcement of EU tariffs is only adding to the uncertainty and instability in the international trade landscape. As countries continue to exchange blows through tariffs and duties, the future of global trade hangs in the balance. Stay tuned for more updates on this developing story.
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Video “Trump sticks to 'trade war' policy despite tumbling stock markets, announces EU tariffs | DW News” was uploaded on 03/05/2025 to Youtube Channel DW News