US Faces Economic Turmoil as President Trump Imposes Strong Tariffs

In a significant move, President Donald Trump has declared a national economic emergency, imposing tariffs of no less than 10% on imports from every country. The tariff rates will be even higher for 60 nations or trading blocs with substantial trade deficits with the United States. Among those impacted, China—America’s second-largest exporter after Mexico—will endure a hefty 54% tariff and has promised retaliatory measures.

Following the announcement of these tariffs, sharp declines were observed in US stock markets, with similar reactions rippling through Asian and European markets. This development has raised concerns among leading economists about the possibility of triggering a global recession.