{"id":21200,"date":"2025-04-03T13:49:32","date_gmt":"2025-04-03T08:49:32","guid":{"rendered":"https:\/\/dailyrapidnews.com\/eng\/?p=21200"},"modified":"2025-04-03T13:49:36","modified_gmt":"2025-04-03T08:49:36","slug":"trump-launches-historic-global-trade-war-against-185-countries-including-pakistan","status":"publish","type":"post","link":"https:\/\/dailyrapidnews.com\/eng\/2025\/04\/03\/trump-launches-historic-global-trade-war-against-185-countries-including-pakistan\/","title":{"rendered":"Trump launches historic global trade war against 185 countries including Pakistan"},"content":{"rendered":"\n

The latest round of U.S. trade tariffs unveiled on Wednesday will sap yet more vigour from a world economy barely recovered from the post-pandemic inflation surge, weighed down by record debt and unnerved by geopolitical strife.<\/strong><\/p>\n\n\n\n

Depending on how President Donald Trump and leaders of other nations proceed now, it may also go down as a turning point for a globalised system that until now had taken for granted the strength and reliability of America, its largest component.<\/p>\n\n\n\n

“Trump’s tariffs carry the risk of destroying the global free trade order the United States itself has spear-headed since the Second World War,” said Takahide Kiuchi, executive economist at Nomura Research Institute.<\/p>\n\n\n\n

But in coming months it will be the plain and simple price-hiking – and therefore demand-dampening – effects of new levies applied to thousands of goods bought and sold by consumers and businesses across the planet that will prevail.<\/p>\n\n\n\n

“I see it as a drift of the U.S. and global economy towards worse performance, more uncertainty and possibly heading towards something we could call a global recession,” said Antonio Fatas, macroeconomist at the INSEAD business school in France.<\/p>\n\n\n\n

Speaking in the White House Rose Garden, Trump said he would impose a 10% baseline tariff on all imports and held up a chart showing higher duties on some of the country’s biggest trading partners, including 34% on China and 20% on the European Union.<\/p>\n","protected":false},"excerpt":{"rendered":"

The latest round of U.S. trade tariffs unveiled on Wednesday will sap yet more vigour<\/p>\n","protected":false},"author":1,"featured_media":21201,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[215,9],"tags":[],"class_list":["post-21200","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-world"],"yoast_head":"\nTrump launches historic global trade war against 185 countries including Pakistan - Rapid News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dailyrapidnews.com\/eng\/2025\/04\/03\/trump-launches-historic-global-trade-war-against-185-countries-including-pakistan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump launches historic global trade war against 185 countries including Pakistan - 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