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Trump Escalates Trade War: Tariffs on UK and EU, New Levies on China

US Targets Global Trade Imbalances with New Tariff Measures

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Pavitra Shetty

Published on February 3, 2025, 16:31:25

President Donald Trump ramped aggressive trade policy signaling

US President Donald Trump has ramped up his aggressive trade policy, signaling potential tariffs on Britain while confirming new levies on the European Union. At the same time, Trump has taken fresh aim at China, announcing additional tariffs on Chinese exports to the United States.

Tariffs on UK and EU Amid Trade Disputes

Trump’s administration has already implemented a series of trade measures targeting major economic partners, including Canada, Mexico, and China. Now, Britain faces scrutiny, though Trump hinted that a settlement with Prime Minister Keir Starmer remains a possibility.

In contrast, the European Union is set to face definite tariffs, with the US citing a $300 billion trade deficit. The administration accuses the EU of restricting US exports while benefiting from extensive access to American markets.

China Hit with Additional Tariffs

On Saturday, Trump announced a new 10% tariff on Chinese exports to the US, adding to the various duties already in place. The move marks another escalation in the ongoing US-China trade war, with billions of dollars in trade at stake. Washington has long criticized Beijing for unfair trade practices, and the latest tariffs reflect the administration’s continued push for tougher economic measures.

Global Trade Tensions on the Rise

With tariffs now extending across multiple regions, global markets face increasing uncertainty. Businesses and economists warn that these trade measures could disrupt supply chains and raise consumer costs. As the US doubles down on trade deficits, negotiations with Britain, the EU, and China remain critical in shaping the future of international trade.

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