#TrumpTariffs Main measures:

On March 12, 2025, a 25% tariff on steel and aluminum imports came into effect.

On April 2, 2025, a broad 10% tariff on most imported products was announced, set to start on April 9, under the argument of "reciprocity."

International reactions:

China: Promised to "fight to the end" against the U.S. tariffs and announced that it will take legitimate measures to protect its interests.

European Union (EU): The President of the European Commission, Ursula von der Leyen, stated that unjustified tariffs will receive strong and proportional responses. The EU has already announced countermeasures of €26 billion.

EU concerns: There are fears of trade diversion, meaning products that would have been exported to the U.S. may end up being sent to the European market, harming local industries. Von der Leyen urged Chinese Prime Minister Li Qiang to cooperate in containing these diversions.

Economic impacts: Global markets have shown volatility with rising trade tensions. There are fears of a large-scale trade war and even a potential global recession. Some markets show resilience, but the economic outlook remains uncertain.