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Tag: national security tariffs
Global Markets Stagger Under Heaviest U.S. Tariff Fallout in Recent Memory
In April 2025, former President Donald J. Trump, having returned to the White House, unveiled a sweeping new round of tariffs targeting China and other major trade partners, including the European Union, Canada, and Mexico. The most severe measures include tariffs of up to 145% on Chinese imports and steep increases on goods ranging from automobiles to electronics from allied nations. Though pitched as a bold assertion of economic sovereignty, this new tariff regime has already begun reshaping global markets, sparking retaliatory threats, and provoking urgent legal and political scrutiny.
GDP Contracts for First Time in 2025 as U.S. Faces Deepest Trade-Induced Slump Yet
In early 2025, the United States economy experienced its first contraction since the height of the COVID-19 pandemic, with gross domestic product (GDP) shrinking by 0.3% in the first quarter. While several factors may contribute to economic fluctuations, this downturn occurred against the backdrop of a bold and aggressive trade policy initiative: the reimposition and expansion of tariffs under the renewed administration of President Donald J. Trump. Characterized by nationalist economic rhetoric and sweeping executive action, the new trade agenda triggered both domestic economic disruption and international diplomatic unease.