The global economy is on edge as US President Donald Trump prepares to announce a new wave of tariffs that will impact all countries, not just those with large trade imbalances with the US. This news has sent shockwaves through stock markets in Asia and Europe, with investors bracing for the potential fallout.
Trump has dubbed the impending announcement as America’s “Liberation Day”, signaling a significant shift in the country’s trade policies. This move comes on the heels of previous tariffs imposed on aluminium, steel, vehicles, and goods from China, further escalating tensions on the international trade front.
As the deadline for the new tariffs looms, countries like the UK are still in discussions with the US in hopes of securing exemptions. The uncertainty surrounding the situation has left many nations scrambling to prepare for the potential economic impact of these tariffs.
With the world holding its breath, all eyes are on Washington as Trump gears up for what could be a defining moment in global trade. Stay tuned for more updates as this story continues to unfold.
Watch the video by BBC News
Video “World braces for US trade war escalation | BBC News” was uploaded on 03/31/2025 to Youtube Channel BBC News