Why Trump's new tariffs could trigger a trade war, according to a strategist

Stock markets plunge after China retaliates against Trump tariffs

NEW YORK — Wall Street’s worst crisis since COVID slammed into a higher gear Friday. The S&P 500 lost 6 percent after China matched President Donald Trump’s big raise in tariffs announced earlier this week.  The move increased the stakes in a trade war that could end with a recession that hurts everyone.  Not even a better-than-expected report on the US job market, which is usually the economic highlight of each month, was enough to stop the sli…

Stock Market BLOODBATH After China Places 34% Tariff On US, Trump HOLDS FIRM

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Why Trump's new tariffs could trigger a trade war, according to a strategist

Dimitri Zabelin, geopolitical strategist at Pantheon Insights, broke down how China and the EU are responding to the new tariffs in an interview with NYSE TV

Detailed impact analyses of the tariff war are still underway, but according to initial forecasts, European economic growth could decline by 0.3–0.5 percentage points over the next two years. And Hungarian exports – according to a quick estimate by WIIW – could be reduced by only 0.37 percentage points by the just-announced US tariffs.

Trump Tariffs Trigger Market Panic as China Retaliates - American Faith

Wall Street suffered its worst collapse since the COVID-19 pandemic on Friday after China matched President Donald Trump’s sweeping tariff increases, triggering fears of a deepening trade war. The S&P 500 plunged 6 percent, the Dow Jones dropped 2,231 points, and the Nasdaq shed nearly 6 percent—marking the worst weekly decline since March 2020. The dramatic fall followed China’s announcement of a 34 percent tariff on all U.S. imports, a direct …

This could be a global trade war: Ukrainian Ministry of Economy on Trump's new tariffsNew US tariffs could provoke a global trade war. Ukraine needs to preserve free trade agreements, especially with the EU, and possibly start negotiations within the WTO.