Back to today’s briefing

Story perspectives

Trump's Tariffs Ignite Global Trade War, Fears Rise

2/13/2025

50 9

Summary

Story summary

President Trump has ignited a trade war by imposing reciprocal tariffs on both allies and rivals, intensifying global tensions. He slammed the EU for its steep tariffs on American cars, while economists caution that these measures could spark inflation and stifle economic growth. Meanwhile, the UK grapples with turmoil over a looming 25% steel tariff, raising fears of retaliation.

1 of 1

Story summary

President Trump has ignited a trade war by imposing reciprocal tariffs on both allies and rivals, intensifying global tensions. He slammed the EU for its steep tariffs on American cars, while economists caution that these measures could spark inflation and stifle economic growth. Meanwhile, the UK grapples with turmoil over a looming 25% steel tariff, raising fears of retaliation.