U.S. President Donald Trump’s announcement of sweeping tariffs on April 2, dubbed "Liberation Day" by his administration, has ignited a fiery global response. Countries worldwide, from China to Canada, are hitting back with retaliatory measures, signaling a chaotic new chapter in international trade relations. 💸🌏
China’s swift retaliation included a 34% tariff on U.S. imports and a formal WTO complaint, accusing Washington of destabilizing the global economy. Beijing also restricted exports of rare earth minerals—critical for tech and defense—and halted agricultural imports, strategically targeting Trump’s political strongholds. 📉🚜
The EU and Brazil are crafting countermeasures, while Canada has already imposed tariffs, showcasing a rare united front against U.S. trade policies. Wall Street reeled, too: the Dow Jones plunged 1,600 points in 24 hours, and tech giants like Apple and Tesla nosedived as markets grappled with supply-chain fears. 📊💻
Global markets mirrored the panic, with Germany’s DAX and Japan’s Nikkei dropping sharply. Analysts warn the tariffs could trigger a recession, proving that in today’s interconnected world, one nation’s trade war becomes everyone’s crisis. 🤝⚖️
