President Donald Trump has dramatically increased tariffs on key U.S. trading partners, using them as both economic weapons and negotiation tools. Despite tariffs reaching their highest levels in a century and threatening major economies like Japan and the EU, financial markets have remained surprisingly calm, viewing lower-than-threatened rates as a relief. These aggressive moves have forced countries to reconsider their trade strategies, shift supply chains, and seek new alliances, while also creating uncertainty for businesses and consumers. Experts warn that the real economic costs may not have fully materialized yet, and the global trading system is being fundamentally altered. The Trump administration’s approach signals that elevated tariffs—and the uncertainty they bring—may persist regardless of future leadership.
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