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Trump’s tariff gamble escalates global trade tensions and uncertainty

43 0
06.04.2025

In a move that has sent shockwaves through global markets and rattled America’s trading partners, US President Donald Trump has declared that his aggressive tariff policy “will never change,” doubling down on what he insists is a path to national prosperity. The sweeping new tariffs, announced earlier this week, have not only unnerved economists and investors, but also ignited retaliatory measures from major world powers and sparked fears of a looming global trade war.

Writing on his Truth Social platform, Trump exuded characteristic confidence. “To the many investors coming into the United States and investing massive amounts of money, my policies will never change,” he wrote. “This is a great time to get rich, richer than ever before!!!”

But as markets plummeted and diplomatic ties strained, critics argue that Trump’s economic bravado may be masking a reckless gamble-one with high costs for American consumers, businesses, and the broader global economy.

On April 2, Trump formally introduced a 10% baseline tariff on all imports, coupled with additional “reciprocal” duties targeting dozens of countries he accuses of trade malpractice. His administration claims the aim is to rectify what Trump called “decades of economic abuse” against American workers and industries.

“We are being ripped off,” Trump said during a press briefing. “From currency manipulation to sky-high value-added taxes, our trading partners have taken advantage of our openness. Those days are over.”

Under the........

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