The Trump administration’s abrupt 45% tariff hike on Chinese electronics and European steel, effective April 2, 2025, has ignited fears of a renewed global trade war. Analysts warn that retaliatory measures from Beijing and Brussels could destabilize supply chains still recovering from pandemic-era disruptions. While the White House claims the move will “protect American jobs,” critics argue it risks triggering inflation and alienating key allies. Emerging markets in Southeast Asia brace for collateral damage as multinational corporations reassess manufacturing hubs.
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