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President Trump's administration has introduced new "reciprocal" tariffs on imports from various countries, ranging from 10% to 54%. These include higher rates for specific nations, such as 20% on the EU, 24% on Japan, and 54% on China. The tariffs, based on U.S. exports and trade barriers, have caused a sharp decline in global markets, with investors pulling funds from U.S. stocks. The move has sparked global backlash, with Canada, the EU, and China preparing countermeasures. Critics warn of potential economic downturns, inflation, and a global trade war, while Trump claims the tariffs will boost U.S. jobs and production.
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