3 weeks ago

Trade War Explodes Across World at Pace Not Seen in Decades

Containers at the Port of Los Angeles. It isn’t just President Trump’s extensive new tariffs, which have set off a barrage of retaliatory measures across Europe, China and Canada targeting hundreds of U.S. goods. In the U.S., more than 90% of 5,200 product categories are subject to harmful import restrictions, up from half just before Trump’s first term in office, Global Trade Alert data show. Fitch Ratings said last week it expects global economic growth to slow this year, to around 2.4%, from 2.9% in 2024, citing the likely effects of the escalating trade war in the U.S. and beyond. Write to Jason Douglas at jason.douglas@wsj.com and Tom Fairless at tom.fairless@wsj.com Trade War Explodes Across World at Pace Not Seen in Decades Trade War Explodes Across World at Pace Not Seen in Decades

Hindustan Times
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