As Donald Trump steps into his second term, analysts predict immediate tariff actions targeting several countries like China, Canada, and the EU, disrupting global trade.
Gary Hufbauer highlights Trump’s potential tariff strategy, suggesting stiff tariffs on China but exceptions for billionaire supporters, indicating a nuanced approach to trade negotiations.
Concerns over Trump’s trade policies are reflected in European stock markets, particularly impacting automotive giants like Mercedes-Benz and BMW, showcasing the ripple effects of tariffs.
With America's trade relationships on the line, Hufbauer warns of significant disruption in global trade systems as Trump moves forward with his planned tariff actions.
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