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Home World News Asia

US tariffs sow fears of global trade war

April 4, 2025
in Asia
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US tariffs sow fears of global trade war
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COUNTRIES around the world threatened to wage a trade war with the United States as President Donald Trump’s sweeping tariffs fed expectations for a global downturn and sharp price hikes for swathes of goods in the world’s biggest consumer market.

The penalties announced by Trump on Wednesday triggered a plunge in world financial markets and drew condemnation from other leaders reckoning with the end of a decadeslong era of trade liberalization.

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