#TrumpTariffs **Trump Tariffs Shake Global Trade**

On April 2, 2025, former U.S. President Donald Trump announced sweeping tariffs, imposing a 10% baseline tax on all imports, with higher rates for China (34%), Vietnam (46%), and the EU (20%). The move, effective April 5, aims to reduce trade deficits and boost U.S. manufacturing. However, global markets reacted negatively, fearing inflation, supply chain disruptions, and retaliation from trading partners. While some industries, like oil and gas, are exempt, sectors such as clean energy and automobiles face rising costs. International criticism is mounting, with nations considering countermeasures, raising concerns about a potential global trade war.