April 2, 2025, President Donald Trump unveiled a comprehensive tariff plan, imposing a 10% universal tariff on all imported goods, with additional "reciprocal tariffs" targeting countries accused of unfair trade practices. These measures, effective immediately, have raised concerns about potential global economic repercussions. Markets in Asia responded negatively, and countries like Canada and the European Union are evaluating their responses. Economists warn of possible stagflation and weakened global alliances
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