U.S. President Donald Trump’s latest move is shaking up global markets—again. On Wednesday, he signed an executive order introducing a 10% "minimum baseline tariff" and higher rates for targeted trading partners, reigniting fears of a global trade war.
"Tariffs give us great power to negotiate," Trump declared at the White House, framing the policy as a tool to pressure allies and rivals alike. But critics warn this could backfire, threatening supply chains and slowing post-pandemic economic recovery efforts worldwide.
The announcement comes as businesses and investors brace for uncertainty. Analysts say escalating tariffs could inflate costs for everything from electronics to agriculture, hitting wallets from New York to New Delhi.
Young professionals and entrepreneurs are keeping a wary eye: trade tensions could disrupt tech innovation and cross-border startups. Meanwhile, travelers might see pricier gadgets or delayed product launches—adding another layer to 2024’s economic rollercoaster.
Will this tariff salvo accelerate negotiations… or sink the global economy deeper into chaos? Stay tuned.
