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Global Trade War Looms as Tariffs Escalate Worldwide

2/10/2025

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Summary

Story summary

U.S. tariffs imposed by President Trump have sparked fears of a global trade war, leading to market volatility. In response, China has slapped tariffs on American goods, with Canada and Mexico following suit. Analysts caution that these measures could burden Türkiye's economy, driving up costs and disrupting trade relations, especially with the EU and China.

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Story summary

U.S. tariffs imposed by President Trump have sparked fears of a global trade war, leading to market volatility. In response, China has slapped tariffs on American goods, with Canada and Mexico following suit. Analysts caution that these measures could burden Türkiye's economy, driving up costs and disrupting trade relations, especially with the EU and China.