Just days into his second term as President, Donald Trump has reignited trade battles by imposing or threatening tariffs on key allies and trade partners. This move has sparked widespread concerns among global economies, with experts warning of severe consequences for international economic growth and businesses worldwide.
While the full impact of these new tariffs remains uncertain, particularly for inflation-weary consumers, the global community is closely monitoring the situation. Analysts suggest that sustained trade wars could disrupt supply chains, increase costs for businesses, and ultimately affect consumer prices, potentially slowing down economic recovery efforts.
Reference(s):
Trump’s second-term trade wars spark global economic concerns
cgtn.com
