In response to US president Donald Trump’s announcement of sweeping, unprecedented tariffs on every country around the world, a global trade war erupted, causing a market meltdown and significant stock value losses on Wall Street. The tariffs affected even uninhabited territories, such as Heard Island and McDonald Islands, demonstrating the far-reaching impact of Trump’s actions. The future implications of these tariffs on the global economy remain uncertain, leaving many wondering what will happen next.
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