U.S. tariffs on EU goods now stand at 20%, and cumulative levies on Chinese goods reached 104%, sparking global market instability and undermining confidence in Treasuries as safe-haven assets.

The EU introduced tariffs on €21 billion ($23.2 billion) of U.S. goods in response to Trump’s 25% duties on European steel and aluminum, while China raised tariffs on U.S. imports to 84% from 34%.

#DopeNews #TrumpTariffs