Global Trade Strains Under Trump’s Tariffs
(MENAFN) Since the start of Donald Trump’s second presidential term, global stock exchanges have experienced significant fluctuations, primarily due to mounting tariff disputes.
This phase of Trump’s presidency has been characterized by his focus on tariff measures, with frequent shifts in his public remarks and policy choices, creating uncertainty and instability in financial markets.
The U.S. administration initiated tariff impositions on nearly all foreign nations. However, certain arrangements have been reached to lessen these imposed rates.
Countries such as Canada, Mexico, China, and the EU emerged as the key stakeholders in these tariff discussions. Numerous other nations also reached out to Washington to negotiate more favorable terms.
Trump temporarily suspended tariffs for selected countries and opted to decrease the rates for others.
In March, Canada and the EU declared countermeasures worth billions of dollars on American products.
This was followed by a decision from the White House to hike tariffs on select European imports.
By April, Trump announced a sweeping 25% tariff on all global automobile imports.
In May, a significant trade agreement was finalized between the United States and the United Kingdom.
That same month, the United States delayed the implementation of tariffs targeting the EU.
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