Part 1/7:
Trade Wars and Tariffs: An Overview of the Current Situation
The ongoing trade conflict between the United States and global partners has escalated with the Trump administration implementing a bold new 25% tariff on all steel and aluminum imports from abroad. This move, effective at midnight, has prompted immediate retaliatory actions from the European Union (EU), which is targeting a variety of products, notably from regions that primarily supported Trump in elections. The economic impacts are becoming apparent as the stakes rise.