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Tariffs Up to 70% from August 1st: Impact on the Global Economy

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by Giorgi Kostiuk

5 hours ago


The Trump administration is increasing pressure on economic partners by threatening significant import tariffs. These measures may have serious consequences for the global economy.

Maximum Pressure on the Global Economy

Washington is preparing to relaunch a broad trade offensive. Without a quick agreement, the new taxes announced in April will indeed take effect in less than a month. The goal is to force the United States’ economic partners to rebalance the trade deficit.

Direct Consequences on Trade and Economic Growth

This maneuver risks shaking up international trade. By targeting 18 countries representing 95% of the US trade deficit, the United States could destabilize global trade relations as a whole. Tariffs ranging from 10% to 70% would cause a sharp rise in import prices, inevitably affecting supply chains and financial markets.

Conclusion

If threats from the Trump administration materialize, the global economy could shift into a new era of tensions. This situation requires close monitoring in the coming weeks.

In light of potential new tariffs, the global economy faces serious challenges that could lead to a reshaping of international trade relations.

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