Thai PBS Thai PBS
Trump sparks trade war with sweeping global tariffs

Trump sparks trade war with sweeping global tariffs

10 Sept 20:10 Key points summarised by AI
  • US President Donald Trump initiated a global trade war by imposing 10% tariffs on worldwide imports and significantly higher levies on major trading partners like China (34%), the European Union (20%), and Japan (24%).
  • Trump declared the tariffs an act of "economic independence" and "Liberation Day," aiming to restore the US economy to a "Golden Age" and counter what he described as decades of exploitation by other nations.
  • The announcement triggered immediate anger and threats of retaliation from international allies, including Australia and the EU, while causing significant volatility in global stock markets.
  • The tariffs, a long-held policy by Trump, reinforce fears of the US moving away from allies towards a vision of American supremacy, with the US Treasury warning against any retaliatory measures.
Read full article
World 1/3
Skip > Skip >