April 2 marks a major shift in global trade as Donald Trump enforces his new tariff policy, which he has labeled as “Liberation Day.”
The U.S. is implementing a 20% tariff increase on most imported goods, while tariffs on steel and aluminum have already risen by 25%. The policy could soon extend to automobiles, pharmaceuticals, electronics, and the chemical industry.
Why It Matters?
🔹 Aims to reduce the U.S. trade deficit, which hit $100 billion in 2024.
🔹 Encourages companies to move production back to the U.S. but may raise consumer prices.
🔹 The EU plans strong countermeasures, targeting U.S. industries linked to Republican states.
The trade war is escalating, with Europe considering investment restrictions and limiting U.S. companies in public contracts. The coming months will test global economic stability.
