U.S. President Donald Trump has sparked international backlash after announcing new tariffs on steel, aluminum, and other goods, with multiple countries threatening retaliatory measures. The move signals a sharp shift in trade policy, raising fears of a prolonged economic standoff.
Retaliation on the Horizon
European Union officials, along with leaders from Canada, Mexico, and Japan, have pledged reciprocal duties targeting U.S. exports ranging from agricultural products to manufactured goods. Analysts warn that escalating tensions could disrupt global supply chains and negatively impact consumer prices.
Tech and Business Impact
The tariffs arrive as businesses worldwide grapple with pandemic recovery. Startups and tech sectors dependent on imported materials are bracing for increased operational costs. ‘This could stifle innovation in renewable energy and AI development,’ said a Berlin-based trade analyst cited in CGTN’s report.
What’s Next?
With the White House hinting at additional tariffs, experts urge diplomatic dialogue to avoid a full-blown trade war. The WTO faces renewed pressure to mediate disputes, while young entrepreneurs call for diversified supply chains to mitigate risks.
Reference(s):
Countries react to Trump tariffs with possible reciprocal duties
cgtn.com
