President Trump’s announcement of sweeping new tariffs on steel, aluminum, and auto imports from the EU and Japan has rattled global markets and drawn sharp rebukes from allied governments.
Brussels responded swiftly, threatening retaliatory duties on American electronics and agricultural goods. Germany’s Finance Minister Christian Lindner called the move “economically reckless and politically dangerous.”
Markets reacted with volatility: the euro dipped, and U.S. manufacturing stocks tumbled amid fears of a new transatlantic trade war.
Domestically, U.S. business groups are urging caution, warning the move could backfire during a period of economic slowdown. “American consumers and workers will pay the price,” said the Chamber of Commerce.
NowGazer 
Leave a comment