The global trade landscape is heating up as the U.S. enforces sweeping 25% tariffs on steel and aluminum imports—with no exceptions. The move, a hallmark of former President Trump’s aggressive trade strategy, has sent shockwaves through international markets and drawn swift backlash from allies.
Investors are feeling the heat: The U.S. stock market’s broadest measure has shed nearly $5 trillion in value over three weeks. Analysts warn of a “trade war domino effect” as countries retaliate.
Global Pushback: “All Options on the Table”
The European Commission fired back immediately, announcing plans to impose tariffs on $28 billion worth of U.S. goods starting next month. Meanwhile, Canada and the UK—close U.S. partners—called the move “disruptive.”
EU: “Prepared to defend our economies.”
Canada: Exploring “reciprocal measures.”
UK: “Considering all responses in the national interest.”
As tensions escalate, businesses and consumers brace for higher costs, while markets remain jittery. Will this spark a wider economic showdown? Stay tuned.
EU: “Prepared to defend our economies.”
Canada: Exploring “reciprocal measures.”
UK: “Considering all responses in the national interest.”
Will this spark a wider economic showdown? Stay tuned.
