U.S. President Donald Trump’s new 10% tariff on all imports—and even higher rates for some nations—has experts warning of economic turbulence, inflation spikes, and a brewing international showdown. 🌪️ From South Africa to Venezuela, critics say the move threatens global stability while risking a self-inflicted wound on the U.S. economy.
💡 South African economist Peter Baur told China Media Group that the tariffs could cripple key industries like steel and automotive production, stifling job creation and growth. “This is a huge concern for us,” he said, adding that U.S. consumers might face higher prices and a weaker dollar. 💸
Meanwhile, Venezuela’s oil exports are in the crosshairs, with “secondary tariffs” of 25% on energy products. Oil expert Daniel Paez slammed the policy as a “strategy of fear” that disrupts global trade. 🔥 The move has drawn fierce pushback from Mexico, Venezuela, and others, with some calling it an attempt to boost U.S. corporate dominance.
📉 Analysts warn Trump’s tariff push could backfire, mirroring past economic missteps. As the dollar wobbles and global tensions rise, one thing’s clear: this trade war is just heating up. 🚨
