President Donald Trump announced new tariffs on U.S. trading partners, including a 34% tax on imports from China and 20% on the EU, aiming to boost domestic manufacturing; this historic tax hike could disrupt the global economy and trigger trade wars. The move fulfills a campaign promise but risks economic slowdown and political backlash, with concerns raised by Republican senators and economic experts warning of a recession and deepening trade imbalances due to the tariffs.
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