#TrumpTariffs Donald Trump's trade policy is once again making global headlines. This week, new tariffs—originally announced by the U.S. president on April 2nd—have come into effect. Now, every country exporting goods to the United States must pay a base duty of 10%. For some nations, the rates are even higher: China faces a 34% tariff, while the European Union is hit with 20%. Trump declared it a "Day of Liberation," claiming the move would protect American factories and workers.

But it’s not that straightforward. Experts warn that these measures could lead to sharp increases in the prices of imported goods—from cars to smartphones—which will affect everyday Americans. China has already retaliated with its own 34% tariffs, and stock markets worldwide—from Tokyo to New York—are experiencing turbulence. It seems that #TrumpTariffs are turning global trade into a full-blown war. Where this will lead remains uncertain.