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Rahul Tomer

Founder & CEO TomerT... • 22d

U.S. Escalates Trade Tensions: Tariffs Shake Global Relations On August 6, 2025, the Trump administration announced new tariffs ranging from 10% to 41% on imports from 69 countries, including Canada, Taiwan, and EU nations. These moves, set to take effect August 7, have intensified global trade tensions. Trump cited Russian oil ties among BRICS nations, including India, as justification, sparking backlash. Brazil retaliated with WTO action, while Switzerland and the EU voiced strong disapproval. Markets dipped amid fears of inflation and trade disruption. Analysts warn these aggressive measures could destabilize global economic alliances and supply chains.

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