Trump’s Trade War: Tariffs and Consequences

⚫On April 2, 2025, U.S. President Donald Trump imposed sweeping tariffs. Starting April 5, a base 10% tariff will affect all exporters, and from April 9, higher rates will apply to 60 countries. China faces a record 54% tariff due to additional restrictions.

⚫Markets reacted with a sell-off: Bitcoin, after surging to $88,500, plunged, while the S&P 500’s market cap dropped by $1 trillion. Experts warn of a global recession, but the White House remains confident in long-term benefits. The world now awaits retaliatory measures from China and the EU.